Superior Fence Systems, Inc.
Superior Fence Systems, Inc. is located in Glasgow, Kentucky, and is classified under NAICS 238990, All Other Specialty Trade Contractors. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $4.2 million, approved on June 27, 2024, through Live Oak Banking Company.
SBA 7(a) loan, change of ownership, approved Jun 27, 2024
$4,200,000 approvedLender: Live Oak Banking Company13 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $4,200,000
- SBA-guaranteed amount
- $3,150,000 (75% of the approval)
- Lender
- Live Oak Banking Company, Wilmington, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.75%, fixed
- Term
- 13 years (156 months)
- Estimated maturity
- June 27, 2037 (estimated, approval date plus term)
- Estimated monthly payment
- $50,084 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 9, 2024
- Loan status
- Status not reported (SBA exemption)
- Business type
- Corporation
- NAICS
- 238990, All Other Specialty Trade Contractors
- Project location
- Barren County, KY
- SBA district office
- Kentucky District Office
- Congressional district
- KY-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 91% 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 Kentucky: $1,988,993.
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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