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H.C. Anderson Roofing Company, Inc.

Rockton, IL · Roofing Contractors · NAICS 238160

H.C. Anderson Roofing Company, Inc. is a roofing contractor located in Rockton, Illinois, classified under NAICS code 238160 (Roofing Contractors). The company was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $3,957,000 from Pathward National Association, approved on April 9, 2024.

SBA 7(a) loan, change of ownership, approved Apr 9, 2024

$3,957,000 approvedLender: Pathward National Association10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$3,957,000
SBA-guaranteed amount
$2,967,750 (75% of the approval)
Lender
Pathward National Association, Sioux Falls, SD
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.75%, variable
Term
10 years (120 months)
Estimated maturity
April 9, 2034 (estimated, approval date plus term)
Estimated monthly payment
$53,949 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Apr 29, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
16
Business type
Corporation
NAICS
238160, Roofing Contractors
Project location
Winnebago County, IL
SBA district office
Illinois District Office
Congressional district
IL-16
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 87% of acquisition loans in Roofing Contractors on this site.
  • Average acquisition loan in Roofing Contractors: $1,899,751.
  • Average acquisition loan in Illinois: $1,796,780.

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 Illinois