Elly Bri 331 Enterprises Inc
Elly Bri 331 Enterprises Inc is located in Naples, FL, and the SBA lists its industry as Other Waste Collection. It was approved for an SBA 7(a) loan of $970,500 for a change of ownership on December 28, 2023.
SBA 7(a) loan, change of ownership, approved Dec 28, 2023
- Gross approval
- $970,500
- SBA-guaranteed amount
- $727,875 (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
- 11%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- December 28, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $13,369 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 16, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 562119, Other Waste Collection
- Franchise
- redbox+
- Project location
- Collier County, FL
- SBA district office
- South Florida District Office
- Congressional district
- FL-19
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Other Waste Collection: $923,478.
- 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
- Trash Lovers LLC, West Palm Beach