Palm Desert Screens LLC
Palm Desert Screens LLC is located in Palm Desert, CA, and the SBA lists its industry as Other Foundation, Structure, and Building Exterior Contractors. It was approved for an SBA 7(a) loan of $993,500 for a change of ownership on July 30, 2024.
SBA 7(a) loan, change of ownership, approved Jul 30, 2024
- Gross approval
- $993,500
- SBA-guaranteed amount
- $745,125 (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
- 10%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- July 30, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $13,129 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Sep 19, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 12
- Business type
- Corporation
- NAICS
- 238190, Other Foundation, Structure, and Building Exterior Contractors
- Project location
- Riverside County, CA
- SBA district office
- Santa Ana District Office
- Congressional district
- CA-36
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 27% of acquisition loans in Other Foundation, Structure, and Building Exterior Contractors on this site.
- Average acquisition loan in Other Foundation, Structure, and Building Exterior Contractors: $1,808,077.
- 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.
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