Meridian Surveying Engineering, Inc.
Meridian Surveying Engineering, Inc. is a surveying and mapping services business in San Francisco, California, classified under NAICS 541370 (Surveying and Mapping, except Geophysical, Services). The company was financed with an SBA 7(a) loan for a change of ownership of $772,000, approved on September 26, 2024 by lender CalPrivate Bank.
SBA 7(a) loan, change of ownership, approved Sep 26, 2024
$772,000 approvedLender: CalPrivate Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $772,000
- SBA-guaranteed amount
- $579,000 (75% of the approval)
- Lender
- CalPrivate Bank, La Jolla, CA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- September 26, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $10,634 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 21, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 541370, Surveying and Mapping (except Geophysical) Services
- Project location
- San Francisco County, CA
- SBA district office
- San Francisco District Office
- Congressional district
- CA-12
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Surveying and Mapping (except Geophysical) Services: $1,311,112.
- 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.
Is this your company? Claim or correct this listing. See Corrections.
Same industry in California
- Snipes Engineering, Inc., La Mesa
- Cadastral Properties, LLC, Rancho Cucamonga