Vivid Signs, Inc.
Vivid Signs, Inc. is located in Asheville, NC, and the SBA lists its industry as Commercial Printing (except Screen and Books). It was approved for an SBA 7(a) loan of $900,000 for a change of ownership on October 20, 2023.
SBA 7(a) loan, change of ownership, approved Oct 20, 2023
- Gross approval
- $900,000
- SBA-guaranteed amount
- $675,000 (75% of the approval)
- Lender
- Live Oak Banking Company, Wilmington, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- October 20, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $12,144 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 1, 2023
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 13
- Business type
- Corporation
- NAICS
- 323111, Commercial Printing (except Screen and Books)
- Project location
- Buncombe County, NC
- SBA district office
- North Carolina District Office
- Congressional district
- NC-11
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 35% of acquisition loans in Commercial Printing (except Screen and Books) on this site.
- Average acquisition loan in Commercial Printing (except Screen and Books): $1,666,227.
- Average acquisition loan in North Carolina: $1,952,444.
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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Same industry in North Carolina
- Triangle Web Printing, Durham
- Smithandrus, LLC, Wilmington
- Ink Big Corp, Concord
- Big Graphics LLC, Morrisville
- Linprint, Wilmington