Arizona Legacy Builders, LLC
Arizona Legacy Builders, LLC is a residential remodeling business located in Scottsdale, AZ, in the Residential Remodelers industry (NAICS 236118). The company was financed with an SBA 7(a) loan for a change of ownership of $581,000, approved on August 16, 2024, through First Bank.
SBA 7(a) loan, change of ownership, approved Aug 16, 2024
$581,000 approvedLender: First Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $581,000
- SBA-guaranteed amount
- $435,750 (75% of the approval)
- Lender
- First Bank, Southern Pines, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- August 16, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $8,086 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Aug 27, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 12
- Business type
- Corporation
- NAICS
- 236118, Residential Remodelers
- Project location
- Maricopa County, AZ
- SBA district office
- Arizona District Office
- Congressional district
- AZ-06
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 8% of acquisition loans in Residential Remodelers on this site.
- Average acquisition loan in Residential Remodelers: $1,623,835.
- Average acquisition loan in Arizona: $1,690,811.
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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