Belle Bouquet Florist and More LLC
Belle Bouquet Florist and More LLC, located in Saraland, Alabama, operates in the florists industry (NAICS 459310). The company was financed with an SBA 7(a) loan for a change of ownership of $1.26 million, approved on September 17, 2024 by lender Banesco USA.
SBA 7(a) loan, change of ownership, approved Sep 17, 2024
$1,260,000 approvedLender: Banesco USA15 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,260,000
- SBA-guaranteed amount
- $945,000 (75% of the approval)
- Lender
- Banesco USA, Miami, FL
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11%, variable
- Term
- 15 years (180 months)
- Estimated maturity
- September 17, 2039 (estimated, approval date plus term)
- Estimated monthly payment
- $14,321 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Sep 27, 2024
- Loan status
- Status not reported (SBA exemption)
- Business type
- Corporation
- NAICS
- 459310, Florists
- Project location
- Mobile County, AL
- SBA district office
- Alabama District Office
- Congressional district
- AL-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 81% of acquisition loans in Florists on this site.
- Average acquisition loan in Florists: $901,731.
- Average acquisition loan in Alabama: $1,764,717.
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.
Is this your company? Claim or correct this listing. See Corrections.