Greater Purpose Holding Company, Inc.
Greater Purpose Holding Company, Inc. is located in Jacksonville, FL, and the SBA lists its industry as Offices of Other Holding Companies. It was approved for an SBA 7(a) loan of $1,670,000 for a change of ownership on July 3, 2025.
SBA 7(a) loan, change of ownership, approved Jul 3, 2025
- Gross approval
- $1,670,000
- SBA-guaranteed amount
- $1,252,500 (75% of the approval)
- Lender
- First-Citizens Bank & Trust Company, Raleigh, NC
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 9.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- July 3, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $21,609 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Oct 9, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 35
- Business type
- Corporation
- NAICS
- 551112, Offices of Other Holding Companies
- Franchise
- WOODY'S BAR-B-Q
- Project location
- Duval County, FL
- SBA district office
- North Florida District Office
- Congressional district
- FL-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 25% of acquisition loans in Offices of Other Holding Companies on this site.
- Average acquisition loan in Offices of Other Holding Companies: $2,410,520.
- Average acquisition loan in Florida: $1,808,559.
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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