Artistic Marble & Granite, Inc.
Artistic Marble & Granite, Inc. is located in El Cajon, CA, and the SBA lists its industry as Tile and Terrazzo Contractors. It was approved for an SBA 7(a) loan of $730,000 for a change of ownership on February 4, 2025.
SBA 7(a) loan, change of ownership, approved Feb 4, 2025
- Gross approval
- $730,000
- SBA-guaranteed amount
- $547,500 (75% of the approval)
- Lender
- First Internet Bank of Indiana, Fishers, IN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- February 4, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $9,647 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 28, 2025
- Loan status
- Status not reported (SBA exemption)
- Business type
- Corporation
- NAICS
- 238340, Tile and Terrazzo Contractors
- Project location
- San Diego County, CA
- SBA district office
- San Diego District Office
- Congressional district
- CA-50
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Tile and Terrazzo Contractors: $1,773,467.
- Average acquisition loan in California: $1,688,228.
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 California
- Waiss Kader, San Diego
- American Tile & Stone, Rohnert Park