Charles Matsinger Associates, Inc.
Charles Matsinger Associates, Inc. is an architectural services business in Philadelphia, PA, in the architectural services industry (NAICS 541310). The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $900,000, approved on March 1, 2024, through PNC Bank, National Association.
SBA 7(a) loan, change of ownership, approved Mar 1, 2024
$900,000 approvedLender: PNC Bank, National Association10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $900,000
- SBA-guaranteed amount
- $675,000 (75% of the approval)
- Lender
- PNC Bank, National Association, Wilmington, DE
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- March 1, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $10,919 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 18, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 13
- Business type
- Corporation
- NAICS
- 541310, Architectural Services
- Project location
- Philadelphia County, PA
- SBA district office
- Philadelphia District Office
- Congressional district
- PA-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 29% of acquisition loans in Architectural Services on this site.
- Average acquisition loan in Architectural Services: $1,777,457.
- Average acquisition loan in Pennsylvania: $1,636,965.
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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