Cruisinâ Tikis Holdings, LLC
Cruisin Tikis Holdings, LLC, located in Alachua, FL, operates in the industry of lessors of nonfinancial intangible assets (except copyrighted works), NAICS code 533110. The company was financed with an SBA 7(a) loan for a change of ownership of $975,600, approved on December 23, 2024, through lender Port 51 Lending LLC.
SBA 7(a) loan, change of ownership, approved Dec 23, 2024
$975,600 approvedLender: Port 51 Lending LLC10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $975,600
- SBA-guaranteed amount
- $731,700 (75% of the approval)
- Lender
- Port 51 Lending LLC, New York, NY
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- December 23, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $13,301 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 31, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 54
- Business type
- Corporation
- NAICS
- 533110, Lessors of Nonfinancial Intangible Assets (except Copyrighted Works)
- Project location
- Alachua County, FL
- SBA district office
- North Carolina District Office
- Congressional district
- FL-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Lessors of Nonfinancial Intangible Assets (except Copyrighted Works): $2,343,633.
- 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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