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Sines Family Water Recreation, LLC

Defiance, OH · All Other Specialty Trade Contractors · NAICS 238990

Sines Family Water Recreation, LLC, located in Defiance, OH, operates in the All Other Specialty Trade Contractors industry (NAICS 238990). The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $3,050,000, approved on December 20, 2024, through The State Bank and Trust Company.

SBA 7(a) loan, change of ownership, approved Dec 20, 2024

$3,050,000 approvedLender: The State Bank and Trust Company171 months termStatus not reported (SBA exemption)Loan details
Gross approval
$3,050,000
SBA-guaranteed amount
$2,287,500 (75% of the approval)
Lender
The State Bank and Trust Company, Defiance, OH
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.75%, variable
Term
14 years, 3 months (171 months)
Estimated maturity
March 20, 2039 (estimated, approval date plus term)
Estimated monthly payment
$31,266 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jan 15, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
11
Business type
Corporation
NAICS
238990, All Other Specialty Trade Contractors
Project location
Defiance County, OH
SBA district office
Columbus District Office
Congressional district
OH-05
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 81% of acquisition loans in All Other Specialty Trade Contractors on this site.
  • Average acquisition loan in All Other Specialty Trade Contractors: $1,899,024.
  • Average acquisition loan in Ohio: $1,840,340.

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 Ohio