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Lake Erie Graphics Inc

Brookpark, OH · Commercial Printing (except Screen and Books) · NAICS 323111

Lake Erie Graphics Inc, located in Brookpark, Ohio, operates in commercial printing (except screen and books), as classified under NAICS code 323111. The company was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $2,112,000, approved on February 21, 2025, by Live Oak Banking Company.

SBA 7(a) loan, change of ownership, approved Feb 21, 2025

$2,112,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,112,000
SBA-guaranteed amount
$1,584,000 (75% of the approval)
Lender
Live Oak Banking Company, Wilmington, NC
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.25%, variable
Term
10 years (120 months)
Estimated maturity
February 21, 2035 (estimated, approval date plus term)
Estimated monthly payment
$27,041 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Mar 17, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
22
Business type
Corporation
NAICS
323111, Commercial Printing (except Screen and Books)
Project location
Cuyahoga County, OH
SBA district office
Columbus District Office
Congressional district
OH-09
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 69% of acquisition loans in Commercial Printing (except Screen and Books) on this site.
  • Average acquisition loan in Commercial Printing (except Screen and Books): $1,666,227.
  • Average acquisition loan in Ohio: $1,840,340.

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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Same industry in Ohio