Main Street Registry

Southern Heritage Monograms, LLC

Vestavia, AL · Clothing and Clothing Accessories Retailers · NAICS 458110

Southern Heritage Monograms, LLC is a clothing and clothing accessories retailer located in Vestavia, Alabama, under NAICS code 458110. The company was financed with an SBA 7(a) loan for a change of ownership of $792,900, approved on April 4, 2024, through River Bank and Trust.

SBA 7(a) loan, change of ownership, approved Apr 4, 2024

$792,900 approvedLender: River Bank and Trust10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$792,900
SBA-guaranteed amount
$594,675 (75% of the approval)
Lender
River Bank and Trust, Prattville, AL
Processing method
Standard 7(a): the lender submits the application for SBA review
Initial interest rate
10.75%, variable
Term
10 years (120 months)
Estimated maturity
April 4, 2034 (estimated, approval date plus term)
Estimated monthly payment
$10,810 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Apr 12, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
5
Business type
Corporation
NAICS
458110, Clothing and Clothing Accessories Retailers
Project location
Jefferson County, AL
SBA district office
Alabama District Office
Congressional district
AL-06
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 40% of acquisition loans in Clothing and Clothing Accessories Retailers on this site.
  • Average acquisition loan in Clothing and Clothing Accessories Retailers: $1,439,812.
  • Average acquisition loan in Alabama: $1,764,717.

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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in Alabama