Brewer Septic and Construction Inc.
Brewer Septic and Construction Inc. is located in Whiting, NJ, and its industry is listed as septic tank and related services (NAICS 562991). The company was financed with an SBA 7(a) loan for a change of ownership of $1,424,000, approved on March 27, 2025, through lender FWBank.
SBA 7(a) loan, change of ownership, approved Mar 27, 2025
- Gross approval
- $1,424,000
- SBA-guaranteed amount
- $1,068,000 (75% of the approval)
- Lender
- FWBank, Chicago, IL
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- March 27, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $18,622 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 6, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 562991, Septic Tank and Related Services
- Project location
- Ocean County, NJ
- SBA district office
- New Jersey District Office
- Congressional district
- NJ-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 62% of acquisition loans in Septic Tank and Related Services on this site.
- Average acquisition loan in Septic Tank and Related Services: $1,540,362.
- Average acquisition loan in New Jersey: $1,626,307.
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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