Atlantic Coast Muscles LLC
Atlantic Coast Muscles LLC, located in West Palm Beach, Florida, operates in the used household and office goods moving industry. The company was financed with an SBA 7(a) loan for a change of ownership of $1,108,500, approved on April 1, 2024, through Stock Yards Bank & Trust Company. The business is listed as a franchise of Two Men and a Truck and reports 40 jobs.
SBA 7(a) loan, change of ownership, approved Apr 1, 2024
$1,108,500 approvedLender: Stock Yards Bank & Trust Company9 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,108,500
- SBA-guaranteed amount
- $831,375 (75% of the approval)
- Lender
- Stock Yards Bank & Trust Company, Louisville, KY
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.5%, fixed
- Term
- 9 years (108 months)
- Estimated maturity
- April 1, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $14,146 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 23, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 40
- Business type
- Corporation
- NAICS
- 484210, Used Household and Office Goods Moving
- Franchise
- Two Men and a Truck
- Project location
- Palm Beach County, FL
- SBA district office
- South Florida District Office
- Congressional district
- FL-18
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 50% of acquisition loans in Used Household and Office Goods Moving on this site.
- Average acquisition loan in Used Household and Office Goods Moving: $1,726,088.
- 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
- T.S Van Lines, Miami