Fashion Floors & Interiors., Inc
Fashion Floors & Interiors., Inc, based in Nampa, Idaho, operates in the flooring contractors industry (NAICS 238330). The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $1,611,500, approved on January 10, 2024 by Idaho Central CU.
SBA 7(a) loan, change of ownership, approved Jan 10, 2024
$1,611,500 approvedLender: Idaho Central CU10 years termPaid in fullLoan details
- Gross approval
- $1,611,500
- SBA-guaranteed amount
- $1,208,625 (75% of the approval)
- Lender
- Idaho Central CU, Chubbuck, ID
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- January 10, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $22,198 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 19, 2024
- Loan status
- Paid in full
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 238330, Flooring Contractors
- Project location
- Canyon County, ID
- SBA district office
- Boise District Office
- Congressional district
- ID-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 67% of acquisition loans in Flooring Contractors on this site.
- Average acquisition loan in Flooring Contractors: $1,653,780.
- Average acquisition loan in Idaho: $1,527,113.
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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