Jm Holdings of Brevard Inc
JM Holdings of Brevard Inc is located in Melbourne, Florida, and is classified under the industry All Other Outpatient Care Centers (NAICS 621498). The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $4,111,000, approved by Live Oak Banking Company on August 29, 2024.
SBA 7(a) loan, change of ownership, approved Aug 29, 2024
$4,111,000 approvedLender: Live Oak Banking Company15 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $4,111,000
- SBA-guaranteed amount
- $3,083,250 (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
- 9.75%, variable
- Term
- 15 years (180 months)
- Estimated maturity
- August 29, 2039 (estimated, approval date plus term)
- Estimated monthly payment
- $43,550 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Sep 11, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 18
- Business type
- Corporation
- NAICS
- 621498, All Other Outpatient Care Centers
- Project location
- Brevard County, FL
- SBA district office
- South Florida District Office
- Congressional district
- FL-08
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in All Other Outpatient Care Centers: $2,116,356.
- 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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