Home Works Construction and Remodeling LLC
Home Works Construction and Remodeling LLC is a business in Mountainside, NJ, in the new single-family housing construction industry (NAICS 236115). It was financed with an SBA 7(a) loan for a change of ownership of $604,000, approved on May 9, 2025 by First Bank of Central Ohio.
SBA 7(a) loan, change of ownership, approved May 9, 2025
$604,000 approvedLender: First Bank of Central Ohio10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $604,000
- SBA-guaranteed amount
- $453,000 (75% of the approval)
- Lender
- First Bank of Central Ohio, Worthington, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- May 9, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $7,982 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 30, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 236115, New Single-Family Housing Construction (except For-Sale Builders)
- Project location
- Union County, NJ
- SBA district office
- New Jersey District Office
- Congressional district
- NJ-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in New Single-Family Housing Construction (except For-Sale Builders): $2,231,419.
- Average acquisition loan in New Jersey: $1,626,307.
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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