Federal Alarm Company
Federal Alarm Company, located in Memphis, Tennessee, operates in the security systems services industry (except locksmiths). The business was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $3.3 million approved on January 29, 2025, through Pinnacle Bank. The loan is reported with 40 jobs and a 120-month term.
SBA 7(a) loan, change of ownership, approved Jan 29, 2025
$3,339,200 approvedLender: Pinnacle Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $3,339,200
- SBA-guaranteed amount
- $2,504,400 (75% of the approval)
- Lender
- Pinnacle Bank, Nashville, TN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- January 29, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $41,401 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 28, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 40
- Business type
- Corporation
- NAICS
- 561621, Security Systems Services (except Locksmiths)
- Project location
- Shelby County, TN
- SBA district office
- Tennessee District Office
- Congressional district
- TN-08
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Security Systems Services (except Locksmiths): $1,293,414.
- Average acquisition loan in Tennessee: $1,738,925.
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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