Lake Havasu Cabinets LLC
Lake Havasu Cabinets LLC is a business in Lake Havasu City, Arizona, in the Other Building Finishing Contractors industry. It was financed with an SBA 7(a) loan for a change of ownership totaling $1,000,000, approved by St. Louis Bank on December 22, 2023.
SBA 7(a) loan, change of ownership, approved Dec 22, 2023
$1,000,000 approvedLender: St. Louis Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,000,000
- SBA-guaranteed amount
- $750,000 (75% of the approval)
- Lender
- St. Louis Bank, St. Louis, MO
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11.25%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- December 22, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $13,917 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 2, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 9
- Business type
- Corporation
- NAICS
- 238390, Other Building Finishing Contractors
- Project location
- Mohave County, AZ
- SBA district office
- Arizona District Office
- Congressional district
- AZ-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 44% of acquisition loans in Other Building Finishing Contractors on this site.
- Average acquisition loan in Other Building Finishing Contractors: $1,603,650.
- Average acquisition loan in Arizona: $1,690,811.
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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