Main Place Flooring and Window Fashions
Main Place Flooring and Window Fashions is a flooring contractor located in Cottonwood, Arizona, classified under NAICS code 238330 (Flooring Contractors). The business was financed with an SBA 7(a) loan for a change of ownership of $935,000, approved on September 19, 2024, by St. Louis Bank.
SBA 7(a) loan, change of ownership, approved Sep 19, 2024
$935,000 approvedLender: St. Louis Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $935,000
- SBA-guaranteed amount
- $701,250 (75% of the approval)
- Lender
- St. Louis Bank, St. Louis, MO
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- September 19, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $13,012 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Sep 23, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 15
- Business type
- Corporation
- NAICS
- 238330, Flooring Contractors
- Project location
- Yavapai County, AZ
- SBA district office
- Arizona District Office
- Congressional district
- AZ-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 29% of acquisition loans in Flooring Contractors on this site.
- Average acquisition loan in Flooring Contractors: $1,653,780.
- Average acquisition loan in Arizona: $1,690,811.
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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