Easy Siders Home Improvements, LLC
Easy Siders Home Improvements, LLC is a siding contractor in Hummelstown, Pennsylvania, classified under the NAICS industry for siding contractors. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $1,155,000, approved by Beacon Bank and Trust on April 22, 2024.
SBA 7(a) loan, change of ownership, approved Apr 22, 2024
$1,155,000 approvedLender: Beacon Bank and Trust10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,155,000
- SBA-guaranteed amount
- $866,250 (75% of the approval)
- Lender
- Beacon Bank and Trust, Brookline, MA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- April 22, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $15,585 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 10, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 9
- Business type
- Corporation
- NAICS
- 238170, Siding Contractors
- Project location
- Dauphin County, PA
- SBA district office
- Philadelphia District Office
- Congressional district
- PA-10
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Siding Contractors: $1,236,989.
- Average acquisition loan in Pennsylvania: $1,636,965.
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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