Main Street Registry

A&B Whit Solutions LLC

Seminole, FL · Machine Shops · NAICS 332710

A&B Whit Solutions LLC is a machine shop in Seminole, FL, classified under NAICS 332710 (Machine Shops). The company was financed with an SBA 7(a) loan for a change of ownership of $778,500, approved on August 6, 2024, through Cogent Bank.

SBA 7(a) loan, change of ownership, approved Aug 6, 2024

$778,500 approvedLender: Cogent Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$778,500
SBA-guaranteed amount
$700,650 (90% of the approval)
Lender
Cogent Bank, Orlando, FL
Processing method
International Trade Loan: for businesses that export or are preparing to
Initial interest rate
10.5%, variable
Term
10 years (120 months)
Estimated maturity
August 6, 2034 (estimated, approval date plus term)
Estimated monthly payment
$10,505 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Aug 22, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
3
Business type
Corporation
NAICS
332710, Machine Shops
Project location
Pinellas County, FL
SBA district office
South Florida District Office
Congressional district
FL-13
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 15% of acquisition loans in Machine Shops on this site.
  • Average acquisition loan in Machine Shops: $2,116,278.
  • 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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Same industry in Florida