Shawn An Dawns Property LLC
Shawn An Dawns Property LLC is located in Arcadia, Indiana, and is classified under the industry All Other Miscellaneous Wood Product Manufacturing (NAICS 321999). The business was financed with an SBA 7(a) loan for a change of ownership of $1,753,200, approved by The Huntington National Bank on March 22, 2024.
SBA 7(a) loan, change of ownership, approved Mar 22, 2024
$1,753,200 approvedLender: The Huntington National Bank25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,753,200
- SBA-guaranteed amount
- $1,314,900 (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
- 8.99%, fixed
- Term
- 25 years (300 months)
- Estimated maturity
- March 22, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $14,701 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 28, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 321999, All Other Miscellaneous Wood Product Manufacturing
- Project location
- Hamilton County, IN
- SBA district office
- Indiana District Office
- Congressional district
- IN-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 55% of acquisition loans in All Other Miscellaneous Wood Product Manufacturing on this site.
- Average acquisition loan in All Other Miscellaneous Wood Product Manufacturing: $1,924,909.
- Average acquisition loan in Indiana: $1,995,900.
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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