Dunn & Associates, Inc.
Dunn & Associates, Inc. is located in Jacksonville, FL, and the SBA lists its industry as Engineering Services. It was approved for an SBA 7(a) loan of $3,000,000 for a change of ownership on April 30, 2024.
SBA 7(a) loan, change of ownership, approved Apr 30, 2024
- Gross approval
- $3,000,000
- SBA-guaranteed amount
- $2,250,000 (75% of the approval)
- Lender
- Millennial Bank, Leeds, AL
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 9.95%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- April 30, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $39,562 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 12, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 45
- Business type
- Corporation
- NAICS
- 541330, Engineering Services
- Project location
- Duval County, FL
- SBA district office
- North Florida District Office
- Congressional district
- FL-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 79% of acquisition loans in Engineering Services on this site.
- Average acquisition loan in Engineering Services: $1,946,706.
- 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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