East Bay Refrigeration, Inc.
East Bay Refrigeration, Inc. is a business located in Hayward, California, in the Other Personal and Household Goods Repair and Maintenance industry (NAICS 811490). The company was financed with an SBA 7(a) loan for a change of ownership of $4,650,000, approved on January 29, 2025 by Live Oak Banking Company.
SBA 7(a) loan, change of ownership, approved Jan 29, 2025
$4,650,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $4,650,000
- SBA-guaranteed amount
- $3,487,500 (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
- 8.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- January 29, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $58,277 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 13, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 811490, Other Personal and Household Goods Repair and Maintenance
- Project location
- Alameda County, CA
- SBA district office
- San Francisco District Office
- Congressional district
- CA-15
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 96% of acquisition loans in Other Personal and Household Goods Repair and Maintenance on this site.
- Average acquisition loan in Other Personal and Household Goods Repair and Maintenance: $1,433,570.
- Average acquisition loan in California: $1,688,228.
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 California
- Alvarez Plumbing, Salinas
- Bound Enterprises, Inc., Fresno