Overland Cabinet Holdings LLC
Overland Cabinet Holdings LLC of Bonner Springs, Kansas, operates in wood kitchen cabinet and countertop manufacturing. The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $1,369,300, approved by CommunityAmerica Federal Credit Union on August 27, 2024.
SBA 7(a) loan, change of ownership, approved Aug 27, 2024
$1,369,300 approvedLender: CommunityAmerica Federal Credit Union14 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,369,300
- SBA-guaranteed amount
- $1,026,975 (75% of the approval)
- Lender
- CommunityAmerica Federal Credit Union, Lenexa, KS
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.99%, variable
- Term
- 14 years (168 months)
- Estimated maturity
- August 27, 2038 (estimated, approval date plus term)
- Estimated monthly payment
- $14,355 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Sep 16, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 22
- Business type
- Corporation
- NAICS
- 337110, Wood Kitchen Cabinet and Countertop Manufacturing
- Project location
- Wyandotte County, KS
- SBA district office
- Kansas City District Office
- Congressional district
- KS-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 45% of acquisition loans in Wood Kitchen Cabinet and Countertop Manufacturing on this site.
- Average acquisition loan in Wood Kitchen Cabinet and Countertop Manufacturing: $1,828,277.
- Average acquisition loan in Kansas: $1,491,022.
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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