House of Scuba, Inc.
House of Scuba, Inc. is a business in San Diego, CA in the Sporting and Recreational Goods and Supplies Merchant Wholesalers industry (NAICS 423910). It was financed with an SBA 7(a) loan for a change of ownership of $1.66 million, approved by Live Oak Banking Company on October 24, 2024.
SBA 7(a) loan, change of ownership, approved Oct 24, 2024
$1,660,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,660,000
- SBA-guaranteed amount
- $1,245,000 (75% of the approval)
- Lender
- Live Oak Banking Company, Wilmington, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- October 24, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $21,028 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Oct 31, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 21
- Business type
- Corporation
- NAICS
- 423910, Sporting and Recreational Goods and Supplies Merchant Wholesalers
- Project location
- San Diego County, CA
- SBA district office
- San Diego District Office
- Congressional district
- CA-52
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 60% of acquisition loans in Sporting and Recreational Goods and Supplies Merchant Wholesalers on this site.
- Average acquisition loan in Sporting and Recreational Goods and Supplies Merchant Wholesalers: $1,420,040.
- Average acquisition loan in California: $1,688,228.
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 California
- Blue Point Fastening, Inc., Ontario