Lakewood Flower Shop LLC
Lakewood Flower Shop LLC is a florist located in Lakewood, New Jersey, classified under NAICS code 459310 (Florists). The company was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $2.08 million from The Huntington National Bank and an approval date of May 13, 2025.
SBA 7(a) loan, change of ownership, approved May 13, 2025
$2,080,000 approvedLender: The Huntington National Bank119 months termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,080,000
- SBA-guaranteed amount
- $1,560,000 (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
- 9 years, 11 months (119 months)
- Estimated maturity
- April 13, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $27,622 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 23, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 11
- Business type
- Corporation
- NAICS
- 459310, Florists
- Project location
- Ocean County, NJ
- SBA district office
- New Jersey District Office
- Congressional district
- NJ-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 94% of acquisition loans in Florists on this site.
- Average acquisition loan in Florists: $901,731.
- Average acquisition loan in New Jersey: $1,626,307.
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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