Georgetown Village Hardware LLC
Georgetown Village Hardware LLC is a hardware retailer located in Georgetown, Ohio, classified under NAICS 444140 (Hardware Retailers). The business was financed with an SBA 7(a) loan for a change of ownership of $738,000, with RiverHills Bank as the lender and an approval date of March 20, 2024.
SBA 7(a) loan, change of ownership, approved Mar 20, 2024
$738,000 approvedLender: RiverHills Bank15 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $738,000
- SBA-guaranteed amount
- $553,500 (75% of the approval)
- Lender
- RiverHills Bank, Milford, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, fixed
- Term
- 15 years (180 months)
- Estimated maturity
- March 20, 2039 (estimated, approval date plus term)
- Estimated monthly payment
- $7,706 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 9, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 9
- Business type
- Corporation
- NAICS
- 444140, Hardware Retailers
- Project location
- Brown County, OH
- SBA district office
- Columbus District Office
- Congressional district
- OH-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 19% of acquisition loans in Hardware Retailers on this site.
- Average acquisition loan in Hardware Retailers: $1,808,637.
- Average acquisition loan in Ohio: $1,840,340.
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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