Pn & Gm Inc
Pn & Gm Inc is located in Frederick, MD, and the SBA lists its industry as Cosmetics, Beauty Supplies, and Perfume Retailers. It was approved for an SBA 7(a) loan of $651,800 for a change of ownership on July 9, 2024.
SBA 7(a) loan, change of ownership, approved Jul 9, 2024
- Gross approval
- $651,800
- SBA-guaranteed amount
- $488,850 (75% of the approval)
- Lender
- TowneBank, Portsmouth, VA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- July 9, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $8,887 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 15, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 456120, Cosmetics, Beauty Supplies, and Perfume Retailers
- Project location
- Frederick County, MD
- SBA district office
- Baltimore District Office
- Congressional district
- MD-06
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 29% of acquisition loans in Cosmetics, Beauty Supplies, and Perfume Retailers on this site.
- Average acquisition loan in Cosmetics, Beauty Supplies, and Perfume Retailers: $1,215,336.
- Average acquisition loan in Maryland: $1,627,337.
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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