Atlas Bay VR Acquisition LLC
Atlas Bay VR Acquisition LLC is a business in Atlanta, Georgia, classified under NAICS 531390, Other Activities Related to Real Estate. The company was financed with an SBA 7(a) loan for a change of ownership of $1,153,000, approved on August 13, 2024 by The Huntington National Bank.
SBA 7(a) loan, change of ownership, approved Aug 13, 2024
$1,153,000 approvedLender: The Huntington National Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,153,000
- SBA-guaranteed amount
- $864,750 (75% of the approval)
- Lender
- The Huntington National Bank, Columbus, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.95%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- August 13, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $14,575 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Aug 30, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 9
- Business type
- Corporation
- NAICS
- 531390, Other Activities Related to Real Estate
- Project location
- Fulton County, GA
- SBA district office
- Georgia District Office
- Congressional district
- GA-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 55% of acquisition loans in Other Activities Related to Real Estate on this site.
- Average acquisition loan in Other Activities Related to Real Estate: $1,530,355.
- Average acquisition loan in Georgia: $2,017,638.
Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.
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