Black River Ventures, LLC
Black River Ventures, LLC, located in Mc Caysville, Georgia, operates in the clothing and clothing accessories retail industry (NAICS 458110). The company was financed with an SBA 7(a) loan for a change of ownership of $1,545,000, approved by United Community Bank on April 18, 2024.
SBA 7(a) loan, change of ownership, approved Apr 18, 2024
$1,545,000 approvedLender: United Community Bank161 months termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,545,000
- SBA-guaranteed amount
- $1,158,750 (75% of the approval)
- Lender
- United Community Bank, Greenville, SC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10%, variable
- Term
- 13 years, 5 months (161 months)
- Estimated maturity
- September 18, 2037 (estimated, approval date plus term)
- Estimated monthly payment
- $17,466 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 1, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 13
- Business type
- Corporation
- NAICS
- 458110, Clothing and Clothing Accessories Retailers
- Project location
- Fannin County, GA
- SBA district office
- Georgia District Office
- Congressional district
- GA-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 65% of acquisition loans in Clothing and Clothing Accessories Retailers on this site.
- Average acquisition loan in Clothing and Clothing Accessories Retailers: $1,439,812.
- 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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Same industry in Georgia
- Dallas Wayne Boot Company, Valdosta
- Onward Capital LLC, Atlanta