Main Street Registry

Associated Specialty Contracting Inc

Glen Mills, PA · All Other Specialty Trade Contractors · NAICS 238990

Associated Specialty Contracting Inc is located in Glen Mills, PA, and the SBA lists its industry as All Other Specialty Trade Contractors. It was approved for an SBA 7(a) loan of $3,755,000 for a change of ownership on April 29, 2024. This registry lists 2 loans for the company.

SBA 7(a) loan, change of ownership, approved Apr 29, 2024

Gross approval
$3,755,000
SBA-guaranteed amount
$2,816,250 (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
9.5%, variable
Term
10 years (120 months)
Estimated maturity
April 29, 2034 (estimated, approval date plus term)
Estimated monthly payment
$48,589 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Aug 13, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
2
Business type
Corporation
NAICS
238990, All Other Specialty Trade Contractors
Project location
Delaware County, PA
SBA district office
Philadelphia District Office
Congressional district
PA-05
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)

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.

SBA 7(a) loan, change of ownership, approved Apr 29, 2024

Gross approval
$500,000
SBA-guaranteed amount
$250,000 (50% of the approval)
Lender
Live Oak Banking Company, Wilmington, NC
Processing method
SBA Express: streamlined process using the lender's own procedures, with a smaller SBA guarantee
Initial interest rate
9.5%, variable
Term
10 years (120 months)
Estimated maturity
April 29, 2034 (estimated, approval date plus term)
Estimated monthly payment
$6,470 Estimated payment at the initial rate over the full term; actual terms vary.
Loan status
Committed, not fully disbursed
Jobs supported
2
Business type
Corporation
NAICS
238990, All Other Specialty Trade Contractors
Project location
Delaware County, PA
SBA district office
Philadelphia District Office
Congressional district
PA-05
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
Yes

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 Pennsylvania