Main Street Registry

Perfection Paving, Inc.

Monsey, NY · All Other Specialty Trade Contractors · NAICS 238990

Perfection Paving, Inc. is located in Monsey, NY, and the SBA lists its industry as All Other Specialty Trade Contractors. It was approved for an SBA 7(a) loan of $1,350,000 for a change of ownership on February 4, 2025.

SBA 7(a) loan, change of ownership, approved Feb 4, 2025

Gross approval
$1,350,000
SBA-guaranteed amount
$1,012,500 (75% of the approval)
Lender
FinWise Bank, Murray, UT
Processing method
Standard 7(a): the lender submits the application for SBA review
Initial interest rate
10.25%, variable
Term
10 years (120 months)
Estimated maturity
February 4, 2035 (estimated, approval date plus term)
Estimated monthly payment
$18,028 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Mar 4, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
11
Business type
Corporation
NAICS
238990, All Other Specialty Trade Contractors
Project location
Rockland County, NY
SBA district office
New York District Office
Congressional district
NY-17
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)

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 New York