Forster Eye Care, P.C.
Forster Eye Care, P.C., located in Lawrenceville, GA, operates in the offices of optometrists industry (NAICS 621320). The company was financed with an SBA 7(a) loan for a change of ownership of $1.138 million, approved March 4, 2025, through Fifth Third Bank.
SBA 7(a) loan, change of ownership, approved Mar 4, 2025
$1,138,000 approvedLender: Fifth Third Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,138,000
- SBA-guaranteed amount
- $853,500 (75% of the approval)
- Lender
- Fifth Third Bank, Cincinnati, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- March 4, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $13,213 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 30, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 621320, Offices of Optometrists
- Project location
- Gwinnett County, GA
- SBA district office
- Georgia District Office
- Congressional district
- GA-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 64% of acquisition loans in Offices of Optometrists on this site.
- Average acquisition loan in Offices of Optometrists: $1,172,145.
- 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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