Dynamic Investments Tikis LLC
Dynamic Investments Tikis LLC is a business in Destin, Florida, in the scenic and sightseeing water transportation industry (NAICS 487210). It was financed with an SBA 7(a) loan for a change of ownership totaling $2,151,000, approved by The Huntington National Bank on February 28, 2025, and the business is listed as a Cruisin' Tikis franchise.
SBA 7(a) loan, change of ownership, approved Feb 28, 2025
$2,151,000 approvedLender: The Huntington National Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,151,000
- SBA-guaranteed amount
- $1,613,250 (75% of the approval)
- Lender
- The Huntington National Bank, Columbus, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- February 28, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $27,833 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 4, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 29
- Business type
- Corporation
- NAICS
- 487210, Scenic and Sightseeing Transportation, Water
- Franchise
- Cruisin' Tikis
- Project location
- Okaloosa County, FL
- SBA district office
- North Florida District Office
- Congressional district
- FL-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Scenic and Sightseeing Transportation, Water: $1,066,000.
- 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
- Marco Island Boat Tours, Citrus Springs