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Sunrise Kitchen Bath and More

Hampton, VA · All Other Specialty Trade Contractors · NAICS 238990

Sunrise Kitchen Bath and More, located in Hampton, VA, operates in the All Other Specialty Trade Contractors industry (NAICS 238990). The company was financed with an SBA 7(a) loan for a change of ownership of $1,806,000, approved by Bank of Oak Ridge on August 12, 2024.

SBA 7(a) loan, change of ownership, approved Aug 12, 2024

$1,806,000 approvedLender: Bank of Oak Ridge10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,806,000
SBA-guaranteed amount
$1,354,500 (75% of the approval)
Lender
Bank of Oak Ridge, Oak Ridge, NC
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.5%, variable
Term
10 years (120 months)
Estimated maturity
August 12, 2034 (estimated, approval date plus term)
Estimated monthly payment
$24,369 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Sep 5, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
9
Business type
Corporation
NAICS
238990, All Other Specialty Trade Contractors
Project location
Hampton City County, VA
SBA district office
Richmond District Office
Congressional district
VA-02
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 58% 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 Virginia: $1,860,760.

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 Virginia