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Roof Repairs Only, Inc.

Vero Beach, FL · Roofing Contractors · NAICS 238160

Roof Repairs Only, Inc. is a roofing contractor in Vero Beach, Florida, classified under NAICS code 238160 (Roofing Contractors). The company was financed with an SBA 7(a) loan for a change of ownership totaling $1,056,000, approved on December 23, 2024, through BankUnited, National Association.

SBA 7(a) loan, change of ownership, approved Dec 23, 2024

$1,056,000 approvedLender: BankUnited, National Association25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,056,000
SBA-guaranteed amount
$792,000 (75% of the approval)
Lender
BankUnited, National Association, Miami Lakes, FL
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.25%, fixed
Term
25 years (300 months)
Estimated maturity
December 23, 2049 (estimated, approval date plus term)
Estimated monthly payment
$8,326 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jan 7, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
8
Business type
Corporation
NAICS
238160, Roofing Contractors
Project location
Indian River County, FL
SBA district office
South Florida District Office
Congressional district
FL-08
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 37% of acquisition loans in Roofing Contractors on this site.
  • Average acquisition loan in Roofing Contractors: $1,899,751.
  • Average acquisition loan in Florida: $1,808,559.

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 Florida