Aqua Marketing & Communications, Inc.
Aqua Marketing & Communications, Inc. is a business in Saint Petersburg, Florida, in the media buying agencies industry (NAICS 541830). The company was financed with an SBA 7(a) loan for a change of ownership, approved on February 22, 2024, in the amount of $500,000 through Northwest Bank.
SBA 7(a) loan, change of ownership, approved Feb 22, 2024
$500,000 approvedLender: Northwest Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $500,000
- SBA-guaranteed amount
- $250,000 (50% of the approval)
- Lender
- Northwest Bank, Warren, PA
- Processing method
- SBA Express: streamlined process using the lender's own procedures, with a smaller SBA guarantee
- Initial interest rate
- 11.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- February 22, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $7,030 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 15, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 1
- Business type
- Corporation
- NAICS
- 541830, Media Buying Agencies
- Project location
- Pinellas County, FL
- SBA district office
- South Florida District Office
- Congressional district
- FL-13
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- Yes
- Average acquisition loan in Media Buying Agencies: $540,500.
- 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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