Hamby Appliances and Home Goods, L.L.C.
Hamby Appliances and Home Goods, L.L.C. is an electronics and appliance retailer located in Muskogee, Oklahoma. The business was financed with an SBA 7(a) loan for a change of ownership of $952,200, approved on December 23, 2024, through Armstrong Bank.
SBA 7(a) loan, change of ownership, approved Dec 23, 2024
$952,200 approvedLender: Armstrong Bank246 months termStatus not reported (SBA exemption)Loan details
- Gross approval
- $952,200
- SBA-guaranteed amount
- $714,150 (75% of the approval)
- Lender
- Armstrong Bank, Muskogee, OK
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 8.499%, variable
- Term
- 20 years, 6 months (246 months)
- Estimated maturity
- June 23, 2045 (estimated, approval date plus term)
- Estimated monthly payment
- $8,186 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 17, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 449210, Electronics and Appliance Retailers
- Project location
- Muskogee County, OK
- SBA district office
- Oklahoma District Office
- Congressional district
- OK-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 27% of acquisition loans in Electronics and Appliance Retailers on this site.
- Average acquisition loan in Electronics and Appliance Retailers: $1,482,373.
- Average acquisition loan in Oklahoma: $1,861,759.
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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