Koastal Kreations, Inc.
Koastal Kreations, Inc. is located in Naples, FL, and the SBA lists its industry as Commercial Printing (except Screen and Books). It was approved for an SBA 7(a) loan of $909,000 for a change of ownership on September 12, 2024.
SBA 7(a) loan, change of ownership, approved Sep 12, 2024
- Gross approval
- $909,000
- SBA-guaranteed amount
- $681,750 (75% of the approval)
- Lender
- Sunflower Bank National Association, Dallas, TX
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11%, variable
- Term
- 10 years, 6 months (126 months)
- Estimated maturity
- March 12, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $12,195 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Sep 18, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 9
- Business type
- Corporation
- NAICS
- 323111, Commercial Printing (except Screen and Books)
- Project location
- Collier County, FL
- SBA district office
- South Florida District Office
- Congressional district
- FL-19
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 36% of acquisition loans in Commercial Printing (except Screen and Books) on this site.
- Average acquisition loan in Commercial Printing (except Screen and Books): $1,666,227.
- 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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