Vintage Doors, Inc.
Vintage Doors, Inc. is a wood window and door manufacturing business located in Hammond, New York. It was financed with an SBA 7(a) loan for a change of ownership of $3.12 million, approved on November 16, 2023 by First National Bank of Coffee County.
SBA 7(a) loan, change of ownership, approved Nov 16, 2023
$3,120,000 approvedLender: First National Bank of Coffee County177 months termStatus not reported (SBA exemption)Loan details
- Gross approval
- $3,120,000
- SBA-guaranteed amount
- $2,808,000 (90% of the approval)
- Lender
- First National Bank of Coffee County, Douglas, GA
- Processing method
- International Trade Loan: for businesses that export or are preparing to
- Initial interest rate
- 10%, variable
- Term
- 14 years, 9 months (177 months)
- Estimated maturity
- August 16, 2038 (estimated, approval date plus term)
- Estimated monthly payment
- $33,774 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 4, 2023
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 321911, Wood Window and Door Manufacturing
- Project location
- Saint Lawrence County, NY
- SBA district office
- Syracuse District Office
- Congressional district
- NY-21
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Wood Window and Door Manufacturing: $1,968,225.
- Average acquisition loan in New York: $1,771,512.
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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