Cabinetry and Millwork Concepts, Inc.
Cabinetry and Millwork Concepts, Inc. is a business in Topeka, Kansas, classified under the industry Other Millwork (including Flooring) with NAICS code 321918. The company was financed with an SBA 7(a) loan for a change of ownership of $890,900, approved on January 27, 2025, through Busey Bank.
SBA 7(a) loan, change of ownership, approved Jan 27, 2025
$890,900 approvedLender: Busey Bank20 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $890,900
- SBA-guaranteed amount
- $668,175 (75% of the approval)
- Lender
- Busey Bank, Champaign, IL
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.25%, variable
- Term
- 20 years (240 months)
- Estimated maturity
- January 27, 2045 (estimated, approval date plus term)
- Estimated monthly payment
- $7,591 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 31, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 15
- Business type
- Corporation
- NAICS
- 321918, Other Millwork (including Flooring)
- Project location
- Shawnee County, KS
- SBA district office
- Kansas City District Office
- Congressional district
- KS-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Other Millwork (including Flooring): $1,199,343.
- Average acquisition loan in Kansas: $1,491,022.
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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