Fortis Group LLC
Fortis Group LLC is located in New Orleans, LA, and the SBA lists its industry as Department Stores. It was approved for an SBA 7(a) loan of $601,900 for a change of ownership on September 24, 2025.
SBA 7(a) loan, change of ownership, approved Sep 24, 2025
- Gross approval
- $601,900
- SBA-guaranteed amount
- $451,425 (75% of the approval)
- Lender
- The Citizens National Bank of Meridian, Meridian, MS
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- September 24, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $8,038 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Oct 27, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 455110, Department Stores
- Project location
- Orleans County, LA
- SBA district office
- Louisiana District Office
- Congressional district
- LA-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Department Stores: $601,900.
- Average acquisition loan in Louisiana: $1,702,056.
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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