GT Partners, LLC
GT Partners, LLC is located in New Castle, IN, and the SBA lists its industry as Home Centers. It was approved for an SBA 7(a) loan of $1,380,000 for a change of ownership on March 14, 2024.
SBA 7(a) loan, change of ownership, approved Mar 14, 2024
- Gross approval
- $1,380,000
- SBA-guaranteed amount
- $1,035,000 (75% of the approval)
- Lender
- Citizens State Bank of New Castle, New Castle, IN
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 8.75%, variable
- Term
- 10 years, 1 month (121 months)
- Estimated maturity
- April 14, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $17,206 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 20, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 25
- Business type
- LLC or partnership
- NAICS
- 444110, Home Centers
- Project location
- Henry County, IN
- SBA district office
- Indiana District Office
- Congressional district
- IN-06
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Home Centers: $1,524,271.
- Average acquisition loan in Indiana: $1,995,900.
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.
Is this your company? Claim or correct this listing. See Corrections.