Larry Gohnâs Marine Construction
Larry Gohn's Marine Construction is located in Winter Haven, Florida, and operates in the other heavy and civil engineering construction industry. The business was financed with an SBA 7(a) loan for a change of ownership of $650,000, approved by Climate First Bank on May 15, 2025.
SBA 7(a) loan, change of ownership, approved May 15, 2025
$650,000 approvedLender: Climate First Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $650,000
- SBA-guaranteed amount
- $487,500 (75% of the approval)
- Lender
- Climate First Bank, St. Petersburg, FL
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- May 15, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $8,590 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 1, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 237990, Other Heavy and Civil Engineering Construction
- Project location
- Polk County, FL
- SBA district office
- South Florida District Office
- Congressional district
- FL-09
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 15% of acquisition loans in Other Heavy and Civil Engineering Construction on this site.
- Average acquisition loan in Other Heavy and Civil Engineering Construction: $2,317,180.
- 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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