Cutting Edge Construction & Woodworks, Inc.
Cutting Edge Construction & Woodworks, Inc. is a specialty trade contractor in Bonita Springs, Florida, classified under All Other Specialty Trade Contractors. The company was financed with an SBA 7(a) loan for a change of ownership of $2.06 million, approved on February 11, 2025 by The Huntington National Bank.
SBA 7(a) loan, change of ownership, approved Feb 11, 2025
$2,063,000 approvedLender: The Huntington National Bank17 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,063,000
- SBA-guaranteed amount
- $1,547,250 (75% of the approval)
- Lender
- The Huntington National Bank, Columbus, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.9%, fixed
- Term
- 17 years (204 months)
- Estimated maturity
- February 11, 2042 (estimated, approval date plus term)
- Estimated monthly payment
- $18,408 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 2, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 14
- Business type
- Corporation
- NAICS
- 238990, All Other Specialty Trade Contractors
- Project location
- Lee County, FL
- SBA district office
- South Florida District Office
- Congressional district
- FL-19
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 65% 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 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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