Cruisin' Tikis Leisure Group, LLC
Cruisin' Tikis Leisure Group, LLC is a business in Riviera Beach, Florida, in the All Other Consumer Goods Rental industry (NAICS 532289). The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $590,000, approved on November 24, 2025, through the lender VelocitySBA, LLC.
SBA 7(a) loan, change of ownership, approved Nov 24, 2025
$590,000 approvedLender: VelocitySBA, LLC10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $590,000
- SBA-guaranteed amount
- $442,500 (75% of the approval)
- Lender
- VelocitySBA, LLC, Irving, TX
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- November 24, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $7,797 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 18, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 532289, All Other Consumer Goods Rental
- Franchise
- Cruisin' Tikis
- Project location
- Palm Beach County, FL
- SBA district office
- South Florida District Office
- Congressional district
- FL-18
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 6% of acquisition loans in All Other Consumer Goods Rental on this site.
- Average acquisition loan in All Other Consumer Goods Rental: $1,481,047.
- 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.
Is this your company? Claim or correct this listing. See Corrections.
Same industry in Florida
- All Star Events, Miami
- Fete Events and Linens, LLC, Doral