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CDC Restoration & Construction, L.c.

Salt Lake City, UT · All Other Specialty Trade Contractors · NAICS 238990

CDC Restoration & Construction, L.c. is a specialty trade contractor in Salt Lake City, Utah, in the NAICS industry All Other Specialty Trade Contractors (238990). The company was financed with an SBA 7(a) loan for a change of ownership, with two loans totaling $5 million approved by Live Oak Banking Company on October 20, 2023.

SBA 7(a) loan, change of ownership, approved Oct 20, 2023

$4,500,000 approvedLender: Live Oak Banking Company10 years termPaid in fullLoan details
Gross approval
$4,500,000
SBA-guaranteed amount
$3,375,000 (75% of the approval)
Lender
Live Oak Banking Company, Wilmington, NC
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.5%, variable
Term
10 years (120 months)
Estimated maturity
October 20, 2033 (estimated, approval date plus term)
Estimated monthly payment
$60,721 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Nov 22, 2023
Loan status
Paid in full
Jobs supported
45
Business type
Corporation
NAICS
238990, All Other Specialty Trade Contractors
Project location
Salt Lake County, UT
SBA district office
Utah District Office
Congressional district
UT-04
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 93% of acquisition loans in All Other Specialty Trade Contractors on this site.
  • Average acquisition loan in All Other Specialty Trade Contractors: $1,899,024.
  • Average acquisition loan in Utah: $1,761,092.

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.

SBA 7(a) loan, change of ownership, approved Oct 20, 2023

$500,000 approvedLender: Live Oak Banking Company10 years termPaid in fullLoan details
Gross approval
$500,000
SBA-guaranteed amount
$250,000 (50% of the approval)
Lender
Live Oak Banking Company, Wilmington, NC
Processing method
SBA Express: streamlined process using the lender's own procedures, with a smaller SBA guarantee
Initial interest rate
10.5%, variable
Term
10 years (120 months)
Estimated maturity
October 20, 2033 (estimated, approval date plus term)
Estimated monthly payment
$6,747 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Nov 23, 2023
Loan status
Paid in full
Jobs supported
45
Business type
Corporation
NAICS
238990, All Other Specialty Trade Contractors
Project location
Salt Lake County, UT
SBA district office
Utah District Office
Congressional district
UT-04
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
Yes
  • Average acquisition loan in All Other Specialty Trade Contractors: $1,899,024.
  • Average acquisition loan in Utah: $1,761,092.

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 Utah