American Seaboard Exteriors, Inc.
American Seaboard Exteriors, Inc. is a business in Wilmington, DE, in the other services to buildings and dwellings industry. It was financed with an SBA 7(a) loan for a change of ownership of $3.1 million, approved on May 20, 2025 by Bank of America, National Association.
SBA 7(a) loan, change of ownership, approved May 20, 2025
$3,100,000 approvedLender: Bank of America, National Association10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $3,100,000
- SBA-guaranteed amount
- $2,325,000 (75% of the approval)
- Lender
- Bank of America, National Association, Charlotte, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 5.96%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- May 20, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $34,354 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 8, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 29
- Business type
- Corporation
- NAICS
- 561790, Other Services to Buildings and Dwellings
- Project location
- New Castle County, DE
- SBA district office
- Delaware District Office
- Congressional district
- DE-00
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 95% of acquisition loans in Other Services to Buildings and Dwellings on this site.
- Average acquisition loan in Other Services to Buildings and Dwellings: $1,196,922.
- Average acquisition loan in Delaware: $1,875,271.
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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