Republic Building Contractors LLC.
Republic Building Contractors LLC. is located in Danvers, MA, and the SBA lists its industry as Commercial and Institutional Building Construction. It was approved for an SBA 7(a) loan of $5,000,000 for a change of ownership on December 18, 2024.
SBA 7(a) loan, change of ownership, approved Dec 18, 2024
- Gross approval
- $5,000,000
- SBA-guaranteed amount
- $3,750,000 (75% of the approval)
- Lender
- Northwest Bank, Warren, PA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- December 18, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $61,993 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 20, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 46
- Business type
- Corporation
- NAICS
- 236220, Commercial and Institutional Building Construction
- Project location
- Essex County, MA
- SBA district office
- Massachusetts District Office
- Congressional district
- MA-06
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 85% of acquisition loans in Commercial and Institutional Building Construction on this site.
- Average acquisition loan in Commercial and Institutional Building Construction: $2,773,374.
- Average acquisition loan in Massachusetts: $1,643,977.
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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