Pro-San Maintenance Supply, Inc.
Pro-San Maintenance Supply, Inc. is a wholesale business in Durham, North Carolina, in the service establishment equipment and supplies merchant wholesalers industry. The company was financed with an SBA 7(a) loan for a change of ownership of $1.309 million from Byline Bank, approved on August 29, 2024.
SBA 7(a) loan, change of ownership, approved Aug 29, 2024
$1,309,000 approvedLender: Byline Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,309,000
- SBA-guaranteed amount
- $981,750 (75% of the approval)
- Lender
- Byline Bank, Chicago, IL
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- August 29, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $18,217 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Aug 30, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 423850, Service Establishment Equipment and Supplies Merchant Wholesalers
- Project location
- Durham County, NC
- SBA district office
- North Carolina District Office
- Congressional district
- NC-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 50% of acquisition loans in Service Establishment Equipment and Supplies Merchant Wholesalers on this site.
- Average acquisition loan in Service Establishment Equipment and Supplies Merchant Wholesalers: $1,564,583.
- Average acquisition loan in North Carolina: $1,952,444.
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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