Denovo Fine Cabinets
Denovo Fine Cabinets is a business located in Tempe, Arizona, classified under the industry All Other Specialty Trade Contractors (NAICS 238990). The company was financed with an SBA 7(a) loan for a change of ownership, totaling $1,886,000, approved on January 23, 2025, through St. Louis Bank.
SBA 7(a) loan, change of ownership, approved Jan 23, 2025
$1,886,000 approvedLender: St. Louis Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,886,000
- SBA-guaranteed amount
- $1,414,500 (75% of the approval)
- Lender
- St. Louis Bank, St. Louis, MO
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- January 23, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $25,185 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 14, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 25
- Business type
- Corporation
- NAICS
- 238990, All Other Specialty Trade Contractors
- Project location
- Maricopa County, AZ
- SBA district office
- Arizona District Office
- Congressional district
- AZ-00
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 60% 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 Arizona: $1,690,811.
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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