Nationwide Spray Foam LLC
Nationwide Spray Foam LLC is a business located in Hendersonville, Tennessee, in the Other Building Material Dealers industry. The company was financed with an SBA 7(a) loan for a change of ownership of $2.87 million, approved on May 13, 2025, through BayFirst National Bank.
SBA 7(a) loan, change of ownership, approved May 13, 2025
$2,870,000 approvedLender: BayFirst National Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,870,000
- SBA-guaranteed amount
- $2,152,500 (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%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- May 13, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $37,927 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 30, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 3
- Business type
- Corporation
- NAICS
- 444180, Other Building Material Dealers
- Project location
- Sumner County, TN
- SBA district office
- Nevada District Office
- Congressional district
- TN-06
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 79% of acquisition loans in Other Building Material Dealers on this site.
- Average acquisition loan in Other Building Material Dealers: $1,898,107.
- Average acquisition loan in Tennessee: $1,738,925.
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 Tennessee
- Felterra Property Holdings LLC, Nashville
- Wildish Inc., Chattanooga