Main Street Registry

Gatorbait Wake & Surf, LLC

Miami, FL · All Other Amusement and Recreation Industries · NAICS 713990

Gatorbait Wake & Surf, LLC is located in Miami, Florida, and operates in the All Other Amusement and Recreation Industries. The company was financed with an SBA 7(a) loan for a change of ownership totaling $2,010,000, approved on December 1, 2025 by First Internet Bank of Indiana.

SBA 7(a) loan, change of ownership, approved Dec 1, 2025

$2,010,000 approvedLender: First Internet Bank of Indiana10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,010,000
SBA-guaranteed amount
$1,507,500 (75% of the approval)
Lender
First Internet Bank of Indiana, Fishers, IN
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.75%, variable
Term
10 years (120 months)
Estimated maturity
December 1, 2035 (estimated, approval date plus term)
Estimated monthly payment
$26,285 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 31, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
4
Business type
Corporation
NAICS
713990, All Other Amusement and Recreation Industries
Project location
Miami-Dade County, FL
SBA district office
South Florida District Office
Congressional district
FL-27
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 71% of acquisition loans in All Other Amusement and Recreation Industries on this site.
  • Average acquisition loan in All Other Amusement and Recreation Industries: $1,649,888.
  • 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