Fenestra Frater
Fenestra Frater is located in Commerce, CA, and the SBA lists its industry as Glass and Glazing Contractors. It was approved for an SBA 7(a) loan of $1,940,000 for a change of ownership on July 30, 2024.
SBA 7(a) loan, change of ownership, approved Jul 30, 2024
- Gross approval
- $1,940,000
- SBA-guaranteed amount
- $1,455,000 (75% of the approval)
- Lender
- PCB Bank, Los Angeles, CA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- July 30, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $16,950 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Aug 19, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 11
- Business type
- Corporation
- NAICS
- 238150, Glass and Glazing Contractors
- Project location
- Los Angeles County, CA
- SBA district office
- Los Angeles District Office
- Congressional district
- CA-38
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 55% of acquisition loans in Glass and Glazing Contractors on this site.
- Average acquisition loan in Glass and Glazing Contractors: $2,029,425.
- 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
- Andy's Glass & Window Company, Murrieta
- Insight Glass, Benicia