Scarlet Aspen, LLC
Scarlet Aspen, LLC is a business in Portsmouth, NH, in the other building finishing contractors industry (NAICS 238390). It was financed with an SBA 7(a) loan for a change of ownership of $1,331,000, approved on September 5, 2024 by Customers Bank.
SBA 7(a) loan, change of ownership, approved Sep 5, 2024
$1,331,000 approvedLender: Customers Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,331,000
- SBA-guaranteed amount
- $998,250 (75% of the approval)
- Lender
- Customers Bank, Malvern, PA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- September 5, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $17,406 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Oct 1, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 22
- Business type
- Corporation
- NAICS
- 238390, Other Building Finishing Contractors
- Franchise
- Budget Blinds
- Project location
- Rockingham County, NH
- SBA district office
- New Hampshire District Office
- Congressional district
- NH-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 60% of acquisition loans in Other Building Finishing Contractors on this site.
- Average acquisition loan in Other Building Finishing Contractors: $1,603,650.
- Average acquisition loan in New Hampshire: $1,811,437.
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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