Choice Marketing, Inc
Choice Marketing, Inc, located in Aston, Pennsylvania, operates in commercial screen printing (NAICS 323113). The company was financed with an SBA 7(a) loan for a change of ownership totaling $1,525,000, approved on August 6, 2024, by Fulton Bank, National Association.
SBA 7(a) loan, change of ownership, approved Aug 6, 2024
$1,525,000 approvedLender: Fulton Bank, National Association10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,525,000
- SBA-guaranteed amount
- $1,143,750 (75% of the approval)
- Lender
- Fulton Bank, National Association, Lancaster, PA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- August 6, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $20,578 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Sep 9, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 43
- Business type
- Corporation
- NAICS
- 323113, Commercial Screen Printing
- Project location
- Delaware County, PA
- SBA district office
- Philadelphia District Office
- Congressional district
- PA-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 60% of acquisition loans in Commercial Screen Printing on this site.
- Average acquisition loan in Commercial Screen Printing: $1,602,852.
- Average acquisition loan in Pennsylvania: $1,636,965.
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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