McMurray Builders, Inc.
McMurray Builders, Inc. is located in Alexandria, VA, and the SBA lists its industry as Residential Remodelers. It was approved for an SBA 7(a) loan of $1,323,900 for a change of ownership on May 21, 2024.
SBA 7(a) loan, change of ownership, approved May 21, 2024
- Gross approval
- $1,323,900
- SBA-guaranteed amount
- $992,925 (75% of the approval)
- Lender
- 22nd State Bank, A Division of 22nd State Banking Company, Mobile, AL
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 11.25%, variable
- Term
- 20 years (240 months)
- Estimated maturity
- May 21, 2044 (estimated, approval date plus term)
- Estimated monthly payment
- $13,891 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 30, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 12
- Business type
- Corporation
- NAICS
- 236118, Residential Remodelers
- Project location
- Alexandria City County, VA
- SBA district office
- Washington District Office
- Congressional district
- VA-08
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 49% of acquisition loans in Residential Remodelers on this site.
- Average acquisition loan in Residential Remodelers: $1,623,835.
- Average acquisition loan in Virginia: $1,860,760.
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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