H&H Customs LLC
H&H Customs LLC is located in Corona, CA, and the SBA lists its industry as Other Services to Buildings and Dwellings. It was approved for an SBA 7(a) loan of $1,400,000 for a change of ownership on November 19, 2024.
SBA 7(a) loan, change of ownership, approved Nov 19, 2024
- Gross approval
- $1,400,000
- SBA-guaranteed amount
- $1,050,000 (75% of the approval)
- Lender
- American Momentum Bank, College Station, TX
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- November 19, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $18,695 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 21, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 9
- Business type
- Corporation
- NAICS
- 561790, Other Services to Buildings and Dwellings
- Project location
- Riverside County, CA
- SBA district office
- Santa Ana District Office
- Congressional district
- CA-42
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 70% of acquisition loans in Other Services to Buildings and Dwellings on this site.
- Average acquisition loan in Other Services to Buildings and Dwellings: $1,196,922.
- Average acquisition loan in California: $1,688,228.
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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