Genuine Home Countertops, LLC
Genuine Home Countertops, LLC is a business in Bismarck, North Dakota, classified under All Other Specialty Trade Contractors. It was financed with an SBA 7(a) loan for a change of ownership totaling $1,394,000, approved on February 4, 2025 by Dacotah Bank.
SBA 7(a) loan, change of ownership, approved Feb 4, 2025
$1,394,000 approvedLender: Dacotah Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,394,000
- SBA-guaranteed amount
- $1,045,500 (75% of the approval)
- Lender
- Dacotah Bank, Aberdeen, SD
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 7.75%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- February 4, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $16,729 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 11, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 32
- Business type
- Corporation
- NAICS
- 238990, All Other Specialty Trade Contractors
- Project location
- Burleigh County, ND
- SBA district office
- North Dakota District Office
- Congressional district
- ND-00
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 44% of acquisition loans in All Other Specialty Trade Contractors on this site.
- Average acquisition loan in All Other Specialty Trade Contractors: $1,899,024.
- Average acquisition loan in North Dakota: $1,899,142.
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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