Main Street Registry

Ark Marine Construction and Services, Inc.

Fort Myers, FL · Other Heavy and Civil Engineering Construction · NAICS 237990

Ark Marine Construction and Services, Inc. is a business in Fort Myers, Florida, in the other heavy and civil engineering construction industry (NAICS 237990). The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $960,000, approved by North State Bank on July 22, 2024.

SBA 7(a) loan, change of ownership, approved Jul 22, 2024

$960,000 approvedLender: North State Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$960,000
SBA-guaranteed amount
$720,000 (75% of the approval)
Lender
North State Bank, Raleigh, NC
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
11.25%, variable
Term
10 years (120 months)
Estimated maturity
July 22, 2034 (estimated, approval date plus term)
Estimated monthly payment
$13,360 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jul 29, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
9
Business type
Corporation
NAICS
237990, Other Heavy and Civil Engineering Construction
Project location
Lee County, FL
SBA district office
South Florida District Office
Congressional district
FL-19
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 25% of acquisition loans in Other Heavy and Civil Engineering Construction on this site.
  • Average acquisition loan in Other Heavy and Civil Engineering Construction: $2,317,180.
  • 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