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Audio Video & Communications, LLC

Tampa, FL · Electrical Contractors and Other Wiring Installation Contractors · NAICS 238210

Audio Video & Communications, LLC is an electrical and wiring installation contractor in Tampa, Florida, classified under NAICS 238210 (Electrical Contractors and Other Wiring Installation Contractors). The company was financed with an SBA 7(a) loan for a change of ownership of $3.1 million, approved on September 3, 2024, through Valley National Bank.

SBA 7(a) loan, change of ownership, approved Sep 3, 2024

$3,103,000 approvedLender: Valley National Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$3,103,000
SBA-guaranteed amount
$2,327,250 (75% of the approval)
Lender
Valley National Bank, Passaic, NJ
Processing method
Standard 7(a): the lender submits the application for SBA review
Initial interest rate
10.5%, variable
Term
10 years (120 months)
Estimated maturity
September 3, 2034 (estimated, approval date plus term)
Estimated monthly payment
$41,870 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Sep 18, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
26
Business type
Corporation
NAICS
238210, Electrical Contractors and Other Wiring Installation Contractors
Project location
Hillsborough County, FL
SBA district office
South Florida District Office
Congressional district
FL-14
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 83% of acquisition loans in Electrical Contractors and Other Wiring Installation Contractors on this site.
  • Average acquisition loan in Electrical Contractors and Other Wiring Installation Contractors: $1,890,316.
  • 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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