CSC Norwalk LLC
CSC Norwalk LLC is located in Norwalk, CT, and the SBA lists its industry as Showcase, Partition, Shelving, and Locker Manufacturing. It was approved for an SBA 7(a) loan of $850,000 for a change of ownership on May 23, 2024.
SBA 7(a) loan, change of ownership, approved May 23, 2024
- Gross approval
- $850,000
- SBA-guaranteed amount
- $637,500 (75% of the approval)
- Lender
- Liberty Bank, Middletown, CT
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- May 23, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $11,709 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 30, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 16
- Business type
- Corporation
- NAICS
- 337215, Showcase, Partition, Shelving, and Locker Manufacturing
- Franchise
- Closet & Storage Concepts
- Project location
- Western Ct County, CT
- SBA district office
- Connecticut District Office
- Congressional district
- CT-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Showcase, Partition, Shelving, and Locker Manufacturing: $850,000.
- Average acquisition loan in Connecticut: $1,992,959.
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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