Budget Blinds of Clermont
Budget Blinds of Clermont, located in Sanford, Florida, operates in the window treatment retail industry (NAICS 449122). The business was financed with an SBA 7(a) loan for a change of ownership of $1,062,000, approved on December 1, 2023 by Mission Valley Bank. The business is a Budget Blinds franchise.
SBA 7(a) loan, change of ownership, approved Dec 1, 2023
$1,062,000 approvedLender: Mission Valley Bank10 years termPaid in fullLoan details
- Gross approval
- $1,062,000
- SBA-guaranteed amount
- $796,500 (75% of the approval)
- Lender
- Mission Valley Bank, Sun Valley, CA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- December 1, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $14,780 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 29, 2023
- Loan status
- Paid in full
- Jobs supported
- 7
- Business type
- Corporation
- NAICS
- 449122, Window Treatment Retailers
- Franchise
- Budget Blinds
- Project location
- Seminole County, FL
- SBA district office
- North Florida District Office
- Congressional district
- FL-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 50% of acquisition loans in Window Treatment Retailers on this site.
- Average acquisition loan in Window Treatment Retailers: $1,319,650.
- 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
- Palace Interior Design, Inc., Hialeah