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Azure Builders Inc. (FKA S & E RENOVATIONS, INC.)

Venice, FL · Residential Remodelers · NAICS 236118

Azure Builders Inc., formerly S & E Renovations, Inc., is a residential remodeler located in Venice, Florida, in the residential remodelers industry. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $999,000, approved on March 7, 2025, by 22nd State Bank, A Division of 22nd State Banking Company.

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

$999,000 approvedLender: 22nd State Bank, A Division of 22nd State Banking Company10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$999,000
SBA-guaranteed amount
$749,250 (75% of the approval)
Lender
22nd State Bank, A Division of 22nd State Banking Company, Mobile, AL
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.25%, variable
Term
10 years (120 months)
Estimated maturity
March 7, 2035 (estimated, approval date plus term)
Estimated monthly payment
$13,341 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Mar 19, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
7
Business type
Corporation
NAICS
236118, Residential Remodelers
Project location
Sarasota County, FL
SBA district office
South Florida District Office
Congressional district
FL-17
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 39% of acquisition loans in Residential Remodelers on this site.
  • Average acquisition loan in Residential Remodelers: $1,623,835.
  • 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