The New Scott's Roofing Company
The New Scott's Roofing Company is located in Bend, OR, and the SBA lists its industry as Roofing Contractors. It was approved for an SBA 7(a) loan of $1,284,700 for a change of ownership on November 16, 2023.
SBA 7(a) loan, change of ownership, approved Nov 16, 2023
- Gross approval
- $1,284,700
- SBA-guaranteed amount
- $963,525 (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
- 10.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- November 16, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $17,335 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 6, 2023
- Loan status
- Paid in full
- Jobs supported
- 42
- Business type
- Corporation
- NAICS
- 238160, Roofing Contractors
- Project location
- Deschutes County, OR
- SBA district office
- Portland District Office
- Congressional district
- OR-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 49% of acquisition loans in Roofing Contractors on this site.
- Average acquisition loan in Roofing Contractors: $1,899,751.
- Average acquisition loan in Oregon: $1,946,167.
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 Oregon
- Synergy Home Services Inc., Portland