Deru's Glass Works
Deru's Glass Works is a glass and glazing contractor located in Evanston, Wyoming, classified under NAICS code 238150. The company was financed with an SBA 7(a) loan for a change of ownership totaling $1.24 million, approved on November 25, 2024, through Port 51 Lending LLC.
SBA 7(a) loan, change of ownership, approved Nov 25, 2024
$1,240,000 approvedLender: Port 51 Lending LLC25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,240,000
- SBA-guaranteed amount
- $930,000 (75% of the approval)
- Lender
- Port 51 Lending LLC, New York, NY
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.25%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- November 25, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $11,487 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 2, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 11
- Business type
- Corporation
- NAICS
- 238150, Glass and Glazing Contractors
- Project location
- Uinta County, WY
- SBA district office
- Wyoming District Office
- Congressional district
- WY-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 45% of acquisition loans in Glass and Glazing Contractors on this site.
- Average acquisition loan in Glass and Glazing Contractors: $2,029,425.
- Average acquisition loan in Wyoming: $1,759,358.
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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