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Shoreline Awning & Patio, Inc.

Paso Robles, CA · All Other Specialty Trade Contractors · NAICS 238990

Shoreline Awning & Patio, Inc., located in Paso Robles, CA, operates in the All Other Specialty Trade Contractors industry (NAICS 238990). It was financed with an SBA 7(a) loan for a change of ownership of $1,958,000, approved by 22nd State Bank, A Division of 22nd State Banking Company on January 6, 2024.

SBA 7(a) loan, change of ownership, approved Jan 6, 2024

$1,958,000 approvedLender: 22nd State Bank, A Division of 22nd State Banking Company10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,958,000
SBA-guaranteed amount
$1,468,500 (75% of the approval)
Lender
22nd State Bank, A Division of 22nd State Banking Company, Mobile, AL
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
11.5%, variable
Term
10 years (120 months)
Estimated maturity
January 6, 2034 (estimated, approval date plus term)
Estimated monthly payment
$27,529 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Feb 29, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
4
Business type
Corporation
NAICS
238990, All Other Specialty Trade Contractors
Project location
San Luis Obispo County, CA
SBA district office
Fresno District Office
Congressional district
CA-24
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 61% of acquisition loans in All Other Specialty Trade Contractors on this site.
  • Average acquisition loan in All Other Specialty Trade Contractors: $1,899,024.
  • Average acquisition loan in California: $1,688,228.

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 California