Lamp Sales Unlimited, Inc.
Lamp Sales Unlimited, Inc. is a furniture merchant wholesaler located in Jacksonville, Florida. The company was financed with an SBA 7(a) loan for a change of ownership totaling $4,514,000, approved on August 22, 2025, by First-Citizens Bank & Trust Company.
SBA 7(a) loan, change of ownership, approved Aug 22, 2025
$4,514,000 approvedLender: First-Citizens Bank & Trust Company174 months termStatus not reported (SBA exemption)Loan details
- Gross approval
- $4,514,000
- SBA-guaranteed amount
- $3,385,500 (75% of the approval)
- Lender
- First-Citizens Bank & Trust Company, Raleigh, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9%, variable
- Term
- 14 years, 6 months (174 months)
- Estimated maturity
- February 22, 2040 (estimated, approval date plus term)
- Estimated monthly payment
- $46,536 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Aug 29, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 26
- Business type
- Corporation
- NAICS
- 423210, Furniture Merchant Wholesalers
- Project location
- Duval County, FL
- SBA district office
- North Florida District Office
- Congressional district
- FL-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 83% of acquisition loans in Furniture Merchant Wholesalers on this site.
- Average acquisition loan in Furniture Merchant Wholesalers: $2,056,542.
- 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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