Design Alternatives Group LLC
Design Alternatives Group LLC, located in Lavallette, New Jersey, operates in the interior design services industry (NAICS 541410). The business was financed with an SBA 7(a) loan for a change of ownership totaling $1,775,000, approved on February 5, 2025, by Live Oak Banking Company.
SBA 7(a) loan, change of ownership, approved Feb 5, 2025
$1,775,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,775,000
- SBA-guaranteed amount
- $1,331,250 (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
- 9%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- February 5, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $22,485 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 12, 2025
- Loan status
- Status not reported (SBA exemption)
- Business type
- Corporation
- NAICS
- 541410, Interior Design Services
- Project location
- Ocean County, NJ
- SBA district office
- New Jersey District Office
- Congressional district
- NJ-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 75% of acquisition loans in Interior Design Services on this site.
- Average acquisition loan in Interior Design Services: $1,398,840.
- Average acquisition loan in New Jersey: $1,626,307.
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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