Schroeder Ohana LLC
Schroeder Ohana LLC is a masonry contractor in Holualoa, Hawaii, classified under the industry description Masonry Contractors. The company was financed with an SBA 7(a) loan for a change of ownership of $643,500, approved on December 6, 2024 by Grow America Fund, Incorporated.
SBA 7(a) loan, change of ownership, approved Dec 6, 2024
$643,500 approvedLender: Grow America Fund, Incorporated10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $643,500
- SBA-guaranteed amount
- $482,625 (75% of the approval)
- Lender
- Grow America Fund, Incorporated, New York, NY
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 10%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- December 6, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $8,504 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 17, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 238140, Masonry Contractors
- Project location
- Hawaii County, HI
- SBA district office
- Hawaii District Office
- Congressional district
- HI-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 18% of acquisition loans in Masonry Contractors on this site.
- Average acquisition loan in Masonry Contractors: $1,856,218.
- Average acquisition loan in Hawaii: $1,359,741.
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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