Rembrandt Stone Masters
Rembrandt Stone Masters is a business in Phoenix, Arizona, in the cut stone and stone product manufacturing industry (NAICS 327991). The company was financed with an SBA 7(a) loan for a change of ownership of $1,422,400, approved on October 19, 2023 by America First Federal Credit Union.
SBA 7(a) loan, change of ownership, approved Oct 19, 2023
$1,422,400 approvedLender: America First Federal Credit Union10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,422,400
- SBA-guaranteed amount
- $1,066,800 (75% of the approval)
- Lender
- America First Federal Credit Union, Riverdale, UT
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- October 19, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $19,594 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Oct 19, 2023
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 327991, Cut Stone and Stone Product Manufacturing
- Project location
- Maricopa County, AZ
- SBA district office
- Arizona District Office
- Congressional district
- AZ-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 65% of acquisition loans in Cut Stone and Stone Product Manufacturing on this site.
- Average acquisition loan in Cut Stone and Stone Product Manufacturing: $1,615,785.
- Average acquisition loan in Arizona: $1,690,811.
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 Arizona
- King Valley Construction Group Inc., Phoenix