Laycar LLC
Laycar LLC is located in Allentown, PA, and the SBA lists its industry as Residential Remodelers. It was approved for an SBA 7(a) loan of $500,000 for a change of ownership on February 14, 2025.
SBA 7(a) loan, change of ownership, approved Feb 14, 2025
- Gross approval
- $500,000
- SBA-guaranteed amount
- $375,000 (75% of the approval)
- Lender
- BayFirst National Bank, Saint Petersburg, FL
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- February 14, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $6,677 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 27, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 236118, Residential Remodelers
- Project location
- Lehigh County, PA
- SBA district office
- Philadelphia District Office
- Congressional district
- PA-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Residential Remodelers: $1,623,835.
- 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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Same industry in Pennsylvania
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- Lancaster Bath Remodel, LLC, Lancaster
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