Central Oregon Garage Door, Inc.
Central Oregon Garage Door, Inc. is located in Redmond, Oregon, and operates in the other building equipment contractors industry (NAICS 238290). The company was financed with an SBA 7(a) loan for a change of ownership of $2.85 million, approved by Live Oak Banking Company on April 4, 2024.
SBA 7(a) loan, change of ownership, approved Apr 4, 2024
$2,850,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,850,000
- SBA-guaranteed amount
- $2,137,500 (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
- 10.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- April 4, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $38,059 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 11, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 35
- Business type
- Corporation
- NAICS
- 238290, Other Building Equipment Contractors
- Project location
- Deschutes County, OR
- SBA district office
- Portland District Office
- Congressional district
- OR-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 74% of acquisition loans in Other Building Equipment Contractors on this site.
- Average acquisition loan in Other Building Equipment Contractors: $1,823,087.
- Average acquisition loan in Oregon: $1,946,167.
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 Oregon
- G. H. McCulloch, Inc., Tualatin