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Michael Kevin Walsh Roofing, Inc.

Palm City, FL · Roofing Contractors · NAICS 238160

Michael Kevin Walsh Roofing, Inc. is a roofing contractor in Palm City, Florida, in the roofing contractors industry (NAICS 238160). The company was financed with an SBA 7(a) loan for a change of ownership of $1,470,900, approved on February 25, 2024 through The Huntington National Bank, with a 119-month term and 40 jobs reported.

SBA 7(a) loan, change of ownership, approved Feb 25, 2024

$1,470,900 approvedLender: The Huntington National Bank119 months termStatus not reported (SBA exemption)Loan details
Gross approval
$1,470,900
SBA-guaranteed amount
$1,103,175 (75% of the approval)
Lender
The Huntington National Bank, Columbus, OH
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
11%, variable
Term
9 years, 11 months (119 months)
Estimated maturity
January 25, 2034 (estimated, approval date plus term)
Estimated monthly payment
$20,355 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Mar 20, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
40
Business type
Corporation
NAICS
238160, Roofing Contractors
Project location
Martin County, FL
SBA district office
South Florida District Office
Congressional district
FL-18
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 56% of acquisition loans in Roofing Contractors on this site.
  • Average acquisition loan in Roofing Contractors: $1,899,751.
  • Average acquisition loan in Florida: $1,808,559.

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 Florida