SKP Heritage LLC
SKP Heritage LLC is a sporting and recreational goods and supplies merchant wholesaler located in Cumming, Georgia, classified under NAICS code 423910. The company was financed with an SBA 7(a) loan for a change of ownership totaling $1.7 million, approved on December 28, 2023, through Paragon Bank.
SBA 7(a) loan, change of ownership, approved Dec 28, 2023
$1,700,000 approvedLender: Paragon Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,700,000
- SBA-guaranteed amount
- $1,275,000 (75% of the approval)
- Lender
- Paragon Bank, Memphis, TN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- December 28, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $21,998 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 29, 2023
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 25
- Business type
- Corporation
- NAICS
- 423910, Sporting and Recreational Goods and Supplies Merchant Wholesalers
- Project location
- Forsyth County, GA
- SBA district office
- Georgia District Office
- Congressional district
- GA-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 67% of acquisition loans in Sporting and Recreational Goods and Supplies Merchant Wholesalers on this site.
- Average acquisition loan in Sporting and Recreational Goods and Supplies Merchant Wholesalers: $1,420,040.
- 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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