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The Dunning Law Firm, A Professional Corporation

San Diego, CA · Offices of Lawyers · NAICS 541110

The Dunning Law Firm, A Professional Corporation is an offices of lawyers business located in San Diego, California. It was financed with an SBA 7(a) loan for a change of ownership totaling $1,139,000, approved on November 30, 2023 by Banc of California.

SBA 7(a) loan, change of ownership, approved Nov 30, 2023

$1,139,000 approvedLender: Banc of California10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,139,000
SBA-guaranteed amount
$854,250 (75% of the approval)
Lender
Banc of California, Los Angeles, CA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.5%, variable
Term
10 years (120 months)
Estimated maturity
November 30, 2033 (estimated, approval date plus term)
Estimated monthly payment
$14,122 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 1, 2023
Loan status
Status not reported (SBA exemption)
Jobs supported
1
Business type
Corporation
NAICS
541110, Offices of Lawyers
Project location
San Diego County, CA
SBA district office
San Diego District Office
Congressional district
CA-52
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 37% of acquisition loans in Offices of Lawyers on this site.
  • Average acquisition loan in Offices of Lawyers: $1,606,779.
  • Average acquisition loan in California: $1,688,228.

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 California