CDC Restoration & Construction, L.c.
CDC Restoration & Construction, L.c. is a specialty trade contractor in Salt Lake City, Utah, in the NAICS industry All Other Specialty Trade Contractors (238990). The company was financed with an SBA 7(a) loan for a change of ownership, with two loans totaling $5 million approved by Live Oak Banking Company on October 20, 2023.
SBA 7(a) loan, change of ownership, approved Oct 20, 2023
$4,500,000 approvedLender: Live Oak Banking Company10 years termPaid in fullLoan details
- Gross approval
- $4,500,000
- SBA-guaranteed amount
- $3,375,000 (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
- 10.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- October 20, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $60,721 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 22, 2023
- Loan status
- Paid in full
- Jobs supported
- 45
- Business type
- Corporation
- NAICS
- 238990, All Other Specialty Trade Contractors
- Project location
- Salt Lake County, UT
- SBA district office
- Utah District Office
- Congressional district
- UT-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 93% of acquisition loans in All Other Specialty Trade Contractors on this site.
- Average acquisition loan in All Other Specialty Trade Contractors: $1,899,024.
- Average acquisition loan in Utah: $1,761,092.
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 Oct 20, 2023
$500,000 approvedLender: Live Oak Banking Company10 years termPaid in fullLoan details
- 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
- 10.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- October 20, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $6,747 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 23, 2023
- Loan status
- Paid in full
- Jobs supported
- 45
- Business type
- Corporation
- NAICS
- 238990, All Other Specialty Trade Contractors
- Project location
- Salt Lake County, UT
- SBA district office
- Utah District Office
- Congressional district
- UT-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- Yes
- Average acquisition loan in All Other Specialty Trade Contractors: $1,899,024.
- Average acquisition loan in Utah: $1,761,092.
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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