Pruitt Home Improvement Enterprises, LLC
Pruitt Home Improvement Enterprises, LLC is a home centers business located in West Plains, Missouri, classified under NAICS code 444110. The company was financed with an SBA 7(a) loan for a change of ownership of $900,000, with OMB Bank as the lender and approval dated September 19, 2024.
SBA 7(a) loan, change of ownership, approved Sep 19, 2024
$900,000 approvedLender: OMB Bank25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $900,000
- SBA-guaranteed amount
- $675,000 (75% of the approval)
- Lender
- OMB Bank, Springfield, MO
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.875%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- September 19, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $8,099 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Oct 7, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 444110, Home Centers
- Project location
- Howell County, MO
- SBA district office
- Kansas City District Office
- Congressional district
- MO-08
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Home Centers: $1,524,271.
- Average acquisition loan in Missouri: $1,584,414.
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 Missouri
- National Home Products, LLC, Springfield