Feet 1st Shoes, Inc.
Feet 1st Shoes, Inc. is a shoe retail business in Jacksonville, Florida, classified under the NAICS industry for shoe retailers. The company was financed with an SBA 7(a) loan for a change of ownership of $1.1 million, approved on July 11, 2024 by TD Bank, National Association.
SBA 7(a) loan, change of ownership, approved Jul 11, 2024
$1,107,000 approvedLender: TD Bank, National Association10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,107,000
- SBA-guaranteed amount
- $830,250 (75% of the approval)
- Lender
- TD Bank, National Association, Wilmington, DE
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.6%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- July 11, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $13,198 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 22, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 458210, Shoe Retailers
- Project location
- Duval County, FL
- SBA district office
- North Florida District Office
- Congressional district
- FL-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 71% of acquisition loans in Shoe Retailers on this site.
- Average acquisition loan in Shoe Retailers: $1,132,514.
- 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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