The Olive Branch Christian Book Store, Inc
The Olive Branch Christian Book Store, Inc is a book retailer located in Dublin, Georgia, classified under NAICS 459210 (Book Retailers and News Dealers). The business was financed with an SBA 7(a) loan for a change of ownership totaling $630,000, provided by Bank of Dudley and approved on December 19, 2024.
SBA 7(a) loan, change of ownership, approved Dec 19, 2024
$630,000 approvedLender: Bank of Dudley25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $630,000
- SBA-guaranteed amount
- $472,500 (75% of the approval)
- Lender
- Bank of Dudley, Dudley, GA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.75%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- December 19, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $5,614 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 23, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 7
- Business type
- Corporation
- NAICS
- 459210, Book Retailers and News Dealers
- Project location
- Laurens County, GA
- SBA district office
- Georgia District Office
- Congressional district
- GA-12
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Book Retailers and News Dealers: $630,000.
- Average acquisition loan in Georgia: $2,017,638.
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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