Southwest Interior Solutions, Inc.
Southwest Interior Solutions, Inc. is located in Bradenton, FL, and the SBA lists its industry as Other Building Finishing Contractors. It was approved for an SBA 7(a) loan of $710,000 for a change of ownership on November 3, 2023.
SBA 7(a) loan, change of ownership, approved Nov 3, 2023
- Gross approval
- $710,000
- SBA-guaranteed amount
- $532,500 (75% of the approval)
- Lender
- North State Bank, Raleigh, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- November 3, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $9,780 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 10, 2023
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 17
- Business type
- Corporation
- NAICS
- 238390, Other Building Finishing Contractors
- Project location
- Manatee County, FL
- SBA district office
- South Florida District Office
- Congressional district
- FL-16
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 16% of acquisition loans in Other Building Finishing Contractors on this site.
- Average acquisition loan in Other Building Finishing Contractors: $1,603,650.
- Average acquisition loan in Florida: $1,808,559.
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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