St. Paul Siding LLC
St. Paul Siding LLC is located in Minneapolis, MN, and the SBA lists its industry as Siding Contractors. It was approved for an SBA 7(a) loan of $1,050,900 for a change of ownership on July 30, 2024.
SBA 7(a) loan, change of ownership, approved Jul 30, 2024
- Gross approval
- $1,050,900
- SBA-guaranteed amount
- $788,175 (75% of the approval)
- Lender
- Old National Bank, Evansville, IN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.25%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- July 30, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $12,890 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Aug 9, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 238170, Siding Contractors
- Project location
- Hennepin County, MN
- SBA district office
- Minnesota District Office
- Congressional district
- MN-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Siding Contractors: $1,236,989.
- Average acquisition loan in Minnesota: $1,482,119.
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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