Precision Granite Works Inc.
Precision Granite Works Inc. is located in Brookline, NH, and the SBA lists its industry as Cut Stone and Stone Product Manufacturing. It was approved for an SBA 7(a) loan of $830,000 for a change of ownership on June 21, 2024.
SBA 7(a) loan, change of ownership, approved Jun 21, 2024
- Gross approval
- $830,000
- SBA-guaranteed amount
- $622,500 (75% of the approval)
- Lender
- Primary Bank, Bedford, NH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- June 21, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $10,740 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 18, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 327991, Cut Stone and Stone Product Manufacturing
- Project location
- Hillsborough County, NH
- SBA district office
- New Hampshire District Office
- Congressional district
- NH-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 15% of acquisition loans in Cut Stone and Stone Product Manufacturing on this site.
- Average acquisition loan in Cut Stone and Stone Product Manufacturing: $1,615,785.
- Average acquisition loan in New Hampshire: $1,811,437.
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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