Porches & Outdoors, LLC
Porches & Outdoors, LLC is located in Nashville, Tennessee, and is classified under the industry Other Foundation, Structure, and Building Exterior Contractors (NAICS 238190). The company was financed with an SBA 7(a) loan for a change of ownership of $2,006,000, approved on June 13, 2024 by Live Oak Banking Company, with a 120-month term.
SBA 7(a) loan, change of ownership, approved Jun 13, 2024
$2,006,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,006,000
- SBA-guaranteed amount
- $1,504,500 (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
- 9.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- June 13, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $25,957 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 23, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 21
- Business type
- Corporation
- NAICS
- 238190, Other Foundation, Structure, and Building Exterior Contractors
- Project location
- Davidson County, TN
- SBA district office
- Tennessee District Office
- Congressional district
- TN-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 63% of acquisition loans in Other Foundation, Structure, and Building Exterior Contractors on this site.
- Average acquisition loan in Other Foundation, Structure, and Building Exterior Contractors: $1,808,077.
- 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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- JMTCo, LLC, Nolensville