Florida Spine & Pain Institute, LLC
Florida Spine & Pain Institute, LLC is an office of physicians (except mental health specialists) located in Kissimmee, Florida. The company financed real estate or equipment through an SBA 504 loan of $1,252,000, with approval dated October 4, 2024, through lender Mainstreet Community Bank of Florida and certified development company Florida First Capital Finance Corporation, Inc.
SBA 504 loan, approved Oct 4, 2024
$1,252,000 SBA portionCDC: Florida First Capital Finance Corporation, Inc.25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $1,252,000
- Bank portion
- $1,227,440
- Estimated project size
- $2,754,933 (estimated)
- Estimated owner equity
- $275,493 (estimated, about 10% of the project)
- Bank lender
- Mainstreet Community Bank of Florida, De Land, FL
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- October 4, 2049 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 621111, Offices of Physicians (except Mental Health Specialists)
- Project location
- Osceola County, FL
- SBA district office
- North Florida District Office
- Congressional district
- FL-9
- Collateral
- Yes
Estimated share of project by source
Bank 45% SBA (CDC) 45% Owner 10%
- Larger than 16% of expansion loans in Offices of Physicians (except Mental Health Specialists) on this site.
- Average expansion loan in Offices of Physicians (except Mental Health Specialists): $2,141,987.
- Average expansion loan in Florida: $2,058,496.
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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