Flores & Foley, L.L.C
Flores & Foley, L.L.C is a roofing contractor located in Wilmington, NC, in the roofing contractors industry (NAICS 238160). The company was financed with an SBA 7(a) loan for a change of ownership of $3.3 million, approved on January 5, 2024, through TowneBank, with the loan reported as 25 jobs.
SBA 7(a) loan, change of ownership, approved Jan 5, 2024
$3,342,000 approvedLender: TowneBank10 years termPaid in fullLoan details
- Gross approval
- $3,342,000
- SBA-guaranteed amount
- $2,506,500 (75% of the approval)
- Lender
- TowneBank, Portsmouth, VA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- January 5, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $44,165 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 25, 2024
- Loan status
- Paid in full
- Jobs supported
- 25
- Business type
- Corporation
- NAICS
- 238160, Roofing Contractors
- Project location
- New Hanover County, NC
- SBA district office
- North Carolina District Office
- Congressional district
- NC-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 78% of acquisition loans in Roofing Contractors on this site.
- Average acquisition loan in Roofing Contractors: $1,899,751.
- Average acquisition loan in North Carolina: $1,952,444.
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 North Carolina
- Divergent Consulting LLC, Kernersville