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A Classic Touch Painting, LLC

Port Orange, FL · Painting and Wall Covering Contractors · NAICS 238320

A Classic Touch Painting, LLC, located in Port Orange, FL, operates in the painting and wall covering contractors industry (NAICS 238320). The company was financed with an SBA 7(a) loan for a change of ownership of $684,000, approved on June 21, 2024, through lender Customers Bank.

SBA 7(a) loan, change of ownership, approved Jun 21, 2024

$684,000 approvedLender: Customers Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$684,000
SBA-guaranteed amount
$513,000 (75% of the approval)
Lender
Customers Bank, Malvern, PA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.5%, variable
Term
10 years (120 months)
Estimated maturity
June 21, 2034 (estimated, approval date plus term)
Estimated monthly payment
$8,851 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jul 4, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
17
Business type
Corporation
NAICS
238320, Painting and Wall Covering Contractors
Project location
Volusia County, FL
SBA district office
North Florida District Office
Congressional district
FL-06
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 26% of acquisition loans in Painting and Wall Covering Contractors on this site.
  • Average acquisition loan in Painting and Wall Covering Contractors: $1,429,871.
  • Average acquisition loan in Florida: $1,808,559.

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 Florida