Longwood Halal Market LLC
Longwood Halal Market LLC is a specialty food retailer in Longwood, Florida, classified under NAICS 445298 (All Other Specialty Food Retailers). The business was financed with an SBA 7(a) loan for a change of ownership, with a loan of $694,000 approved by TowneBank on February 11, 2025.
SBA 7(a) loan, change of ownership, approved Feb 11, 2025
$694,000 approvedLender: TowneBank9 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $694,000
- SBA-guaranteed amount
- $520,500 (75% of the approval)
- Lender
- TowneBank, Portsmouth, VA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.25%, variable
- Term
- 9 years (108 months)
- Estimated maturity
- February 11, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $9,865 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 7, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 9
- Business type
- Corporation
- NAICS
- 445298, All Other Specialty Food Retailers
- Project location
- Seminole County, FL
- SBA district office
- North Florida District Office
- Congressional district
- FL-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 10% of acquisition loans in All Other Specialty Food Retailers on this site.
- Average acquisition loan in All Other Specialty Food Retailers: $1,581,762.
- 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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