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Aluminum Distributors

Bradenton, FL · Other Construction Material Merchant Wholesalers · NAICS 423390

Aluminum Distributors, located in Bradenton, FL, operates in the other construction material merchant wholesalers industry (NAICS 423390). It was financed with an SBA 7(a) loan for a change of ownership, with two loan approvals in April 2025 totaling $5 million, both from Live Oak Banking Company, the first for $500,000 on April 8, 2025 and the second for $4.5 million on April 21, 2025.

SBA 7(a) loan, change of ownership, approved Apr 21, 2025

$4,500,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$4,500,000
SBA-guaranteed amount
$3,375,000 (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
9%, variable
Term
10 years (120 months)
Estimated maturity
April 21, 2035 (estimated, approval date plus term)
Estimated monthly payment
$57,004 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Apr 25, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
5
Business type
Corporation
NAICS
423390, Other Construction Material Merchant Wholesalers
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 92% of acquisition loans in Other Construction Material Merchant Wholesalers on this site.
  • Average acquisition loan in Other Construction Material Merchant Wholesalers: $2,239,433.
  • 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.

SBA 7(a) loan, change of ownership, approved Apr 8, 2025

$500,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$500,000
SBA-guaranteed amount
$250,000 (50% of the approval)
Lender
Live Oak Banking Company, Wilmington, NC
Processing method
SBA Express: streamlined process using the lender's own procedures, with a smaller SBA guarantee
Initial interest rate
9%, variable
Term
10 years (120 months)
Estimated maturity
April 8, 2035 (estimated, approval date plus term)
Estimated monthly payment
$6,334 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Apr 25, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
5
Business type
Corporation
NAICS
423390, Other Construction Material Merchant Wholesalers
Project location
Manatee County, FL
SBA district office
South Florida District Office
Congressional district
FL-16
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
Yes
  • Average acquisition loan in Other Construction Material Merchant Wholesalers: $2,239,433.
  • 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