New England Service Holdings LLC
New England Service Holdings LLC is a finish carpentry contractor located in North Franklin, Connecticut, classified under NAICS code 238350. The company was financed with an SBA 7(a) loan for a change of ownership of $800,000, approved by Live Oak Banking Company with an approval date of September 8, 2026.
SBA 7(a) loan, change of ownership, approved Sep 8, 2026
$800,000 approvedLender: Live Oak Banking Company10 years termCommitted, not fully disbursedLoan details
- Gross approval
- $800,000
- SBA-guaranteed amount
- $600,000 (75% of the approval)
- Lender
- Live Oak Banking Company, Wilmington, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- September 8, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $10,243 Estimated payment at the initial rate over the full term; actual terms vary.
- Loan status
- Committed, not fully disbursed
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 238350, Finish Carpentry Contractors
- Project location
- Southeastern Ct County, CT
- SBA district office
- Connecticut District Office
- Congressional district
- CT-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 26% of acquisition loans in Finish Carpentry Contractors on this site.
- Average acquisition loan in Finish Carpentry Contractors: $1,618,816.
- Average acquisition loan in Connecticut: $1,992,959.
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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