New England Floor Coating Group LLC
New England Floor Coating Group LLC is located in Natick, Massachusetts, in the Flooring Contractors industry (NAICS 238330). The company was financed with an SBA 7(a) loan for a change of ownership of $730,000 from Live Oak Banking Company, with approval dated December 22, 2025.
SBA 7(a) loan, change of ownership, approved Dec 22, 2025
$730,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $730,000
- SBA-guaranteed amount
- $547,500 (75% of the approval)
- Lender
- Live Oak Banking Company, Wilmington, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- December 22, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $9,346 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 12, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 238330, Flooring Contractors
- Project location
- Middlesex County, MA
- SBA district office
- Massachusetts District Office
- Congressional district
- MA-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 20% of acquisition loans in Flooring Contractors on this site.
- Average acquisition loan in Flooring Contractors: $1,653,780.
- Average acquisition loan in Massachusetts: $1,643,977.
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 Massachusetts
- Aveski Partners LLC, Canton