Colophon New Media, LLC
Colophon New Media, LLC is a business in Charleston, SC, in the computing infrastructure, data processing, and web hosting industry (NAICS 518210). The company was financed with an SBA 7(a) loan for a change of ownership totaling $697,300, approved on June 28, 2024 through Citizens Bank, with 14 jobs reported.
SBA 7(a) loan, change of ownership, approved Jun 28, 2024
$697,300 approvedLender: Citizens Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $697,300
- SBA-guaranteed amount
- $522,975 (75% of the approval)
- Lender
- Citizens Bank, Elizabethton, TN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- June 28, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $9,409 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 17, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 14
- Business type
- Corporation
- NAICS
- 518210, Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services
- Project location
- Charleston County, SC
- SBA district office
- South Carolina District Office
- Congressional district
- SC-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 15% of acquisition loans in Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services on this site.
- Average acquisition loan in Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services: $2,269,323.
- Average acquisition loan in South Carolina: $1,827,509.
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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