Coastline Restoration Services Inc.
Coastline Restoration Services Inc. is a remediation services business in Cocoa, Florida, classified under NAICS 562910. It was financed with an SBA 7(a) loan for a change of ownership totaling $1,200,000, with Byline Bank as the lender and approval dated February 14, 2025.
SBA 7(a) loan, change of ownership, approved Feb 14, 2025
$1,200,000 approvedLender: Byline Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,200,000
- SBA-guaranteed amount
- $900,000 (75% of the approval)
- Lender
- Byline Bank, Chicago, IL
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- February 14, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $15,858 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 27, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 562910, Remediation Services
- Project location
- Brevard County, FL
- SBA district office
- South Florida District Office
- Congressional district
- FL-08
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 46% of acquisition loans in Remediation Services on this site.
- Average acquisition loan in Remediation Services: $1,662,217.
- 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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