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Dana Site Development & Paving

Palmetto, FL · Poured Concrete Foundation and Structure Contractors · NAICS 238110

Dana Site Development & Paving is a business in Palmetto, Florida, in the poured concrete foundation and structure contractors industry (NAICS 238110). The company was financed with an SBA 7(a) loan for a change of ownership of $959,900, approved May 10, 2024, through Live Oak Banking Company.

SBA 7(a) loan, change of ownership, approved May 10, 2024

$959,900 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$959,900
SBA-guaranteed amount
$719,925 (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
May 10, 2034 (estimated, approval date plus term)
Estimated monthly payment
$12,818 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
May 28, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
42
Business type
Corporation
NAICS
238110, Poured Concrete Foundation and Structure Contractors
Project location
Manatee County, FL
SBA district office
South Florida District Office
Congressional district
FL-16
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 41% of acquisition loans in Poured Concrete Foundation and Structure Contractors on this site.
  • Average acquisition loan in Poured Concrete Foundation and Structure Contractors: $1,469,074.
  • Average acquisition loan in Florida: $1,808,559.

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 Florida