Valet Custom Cabinets & Closets
Valet Custom Cabinets & Closets is located in Campbell, CA, and the SBA lists its industry as Other Building Material Dealers. It was approved for an SBA 7(a) loan of $3,201,000 for a change of ownership on June 22, 2024.
SBA 7(a) loan, change of ownership, approved Jun 22, 2024
- Gross approval
- $3,201,000
- SBA-guaranteed amount
- $2,400,750 (75% of the approval)
- Lender
- First Bank, Southern Pines, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- June 22, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $43,193 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 28, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 49
- Business type
- Corporation
- NAICS
- 444190, Other Building Material Dealers
- Project location
- Santa Clara County, CA
- SBA district office
- San Francisco District Office
- Congressional district
- CA-18
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 80% of acquisition loans in Other Building Material Dealers on this site.
- Average acquisition loan in Other Building Material Dealers: $1,898,107.
- Average acquisition loan in California: $1,688,228.
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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