Verdurenett LLC
Verdurenett LLC is located in San Jose, CA, and the SBA lists its industry as Other Activities Related to Real Estate. It was approved for an SBA 7(a) loan of $934,000 for a change of ownership on May 29, 2024.
SBA 7(a) loan, change of ownership, approved May 29, 2024
- Gross approval
- $934,000
- SBA-guaranteed amount
- $700,500 (75% of the approval)
- Lender
- The Huntington National Bank, Columbus, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- May 29, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $12,603 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 3, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 9
- Business type
- Corporation
- NAICS
- 531390, Other Activities Related to Real Estate
- Project location
- Santa Clara County, CA
- SBA district office
- San Francisco District Office
- Congressional district
- CA-17
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 45% of acquisition loans in Other Activities Related to Real Estate on this site.
- Average acquisition loan in Other Activities Related to Real Estate: $1,530,355.
- 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.
Is this your company? Claim or correct this listing. See Corrections.
Same industry in California
- Th Consulting, LLC, Garden Grove
- Cardinal Escrow, Inc., Long Beach
- CLR Real Estate Investments, LLC, San Diego