Aurora Painting & Decorating, Inc.
Aurora Painting & Decorating, Inc. is a painting and wall covering contractor in Vallejo, California. The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $944,000, approved on May 9, 2025 by Live Oak Banking Company.
SBA 7(a) loan, change of ownership, approved May 9, 2025
$944,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $944,000
- SBA-guaranteed amount
- $708,000 (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
- 8.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- May 9, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $11,831 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 30, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 11
- Business type
- Corporation
- NAICS
- 238320, Painting and Wall Covering Contractors
- Project location
- Solano County, CA
- SBA district office
- San Francisco District Office
- Congressional district
- CA-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 50% of acquisition loans in Painting and Wall Covering Contractors on this site.
- Average acquisition loan in Painting and Wall Covering Contractors: $1,429,871.
- 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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