Independent Glass Company Inc.
Independent Glass Company Inc. is a glass product manufacturing business in Montgomery, Alabama, classified under NAICS 327215 (glass product manufacturing made of purchased glass). The company was financed with an SBA 7(a) loan for a change of ownership totaling $2,889,500, approved on May 1, 2026 by The Huntington National Bank.
SBA 7(a) loan, change of ownership, approved May 1, 2026
$2,889,500 approvedLender: The Huntington National Bank14 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,889,500
- SBA-guaranteed amount
- $2,167,125 (75% of the approval)
- Lender
- The Huntington National Bank, Columbus, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.5%, variable
- Term
- 14 years (168 months)
- Estimated maturity
- May 1, 2040 (estimated, approval date plus term)
- Estimated monthly payment
- $27,830 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Aug 7, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 22
- Business type
- Corporation
- NAICS
- 327215, Glass Product Manufacturing Made of Purchased Glass
- Project location
- Montgomery County, AL
- SBA district office
- Alabama District Office
- Congressional district
- AL-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Glass Product Manufacturing Made of Purchased Glass: $1,577,643.
- Average acquisition loan in Alabama: $1,764,717.
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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