Hill Coleman Enterprise LLC
Hill Coleman Enterprise LLC is located in Inlet Beach, FL, and the SBA lists its industry as Tax Preparation Services. It was approved for an SBA 7(a) loan of $1,398,000 for a change of ownership on March 21, 2025.
SBA 7(a) loan, change of ownership, approved Mar 21, 2025
- Gross approval
- $1,398,000
- SBA-guaranteed amount
- $1,048,500 (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
- 10%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- March 21, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $18,475 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 31, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 541213, Tax Preparation Services
- Project location
- Walton County, FL
- SBA district office
- North Florida District Office
- Congressional district
- FL-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 76% of acquisition loans in Tax Preparation Services on this site.
- Average acquisition loan in Tax Preparation Services: $1,139,170.
- 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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