302 Quist LLC dba Dryer Vent Wizard
302 Quist LLC dba Dryer Vent Wizard is located in Wilmington, DE, and the SBA lists its industry as Other Building Finishing Contractors. It was approved for an SBA 7(a) loan of $582,500 for a change of ownership on August 29, 2024.
SBA 7(a) loan, change of ownership, approved Aug 29, 2024
- Gross approval
- $582,500
- SBA-guaranteed amount
- $436,875 (75% of the approval)
- Lender
- TowneBank, Portsmouth, VA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- August 29, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $8,107 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Sep 19, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 3
- Business type
- Corporation
- NAICS
- 238390, Other Building Finishing Contractors
- Franchise
- Dryer Vent Wizard
- Project location
- New Castle County, DE
- SBA district office
- Delaware District Office
- Congressional district
- DE-00
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 12% 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 Delaware: $1,875,271.
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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