Mangual Enterprises Four, LLC
Mangual Enterprises Four, LLC is located in Fort Myers, FL, and the SBA lists its industry as General Automotive Repair. It was approved for an SBA 7(a) loan of $2,800,000 for a change of ownership on August 15, 2024.
SBA 7(a) loan, change of ownership, approved Aug 15, 2024
- Gross approval
- $2,800,000
- SBA-guaranteed amount
- $2,100,000 (75% of the approval)
- Lender
- Live Oak Banking Company, Wilmington, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- August 15, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $24,464 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Aug 30, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 811111, General Automotive Repair
- Project location
- Lee County, FL
- SBA district office
- South Florida District Office
- Congressional district
- FL-19
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 92% of acquisition loans in General Automotive Repair on this site.
- Average acquisition loan in General Automotive Repair: $1,353,136.
- 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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Same industry in Florida
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- Automotive Optimize, LLC, Royal Palm Beach
- American Truck Center, Fort Myers