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N-HANCE of Brevard

Melbourne, FL · Residential Remodelers · NAICS 236118

N-HANCE of Brevard, located in Melbourne, FL, operates in the residential remodelers industry (NAICS 236118). The company was financed with an SBA 7(a) loan for a change of ownership, approved on September 2, 2025, in the amount of $1,566,000 through BankUnited, National Association, and the business is a franchise of N-Hance.

SBA 7(a) loan, change of ownership, approved Sep 2, 2025

$1,566,000 approvedLender: BankUnited, National Association10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,566,000
SBA-guaranteed amount
$1,174,500 (75% of the approval)
Lender
BankUnited, National Association, Miami Lakes, FL
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
7.5%, fixed
Term
10 years (120 months)
Estimated maturity
September 2, 2035 (estimated, approval date plus term)
Estimated monthly payment
$18,589 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Sep 8, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
13
Business type
Corporation
NAICS
236118, Residential Remodelers
Franchise
N-Hance
Project location
Brevard County, FL
SBA district office
South Florida District Office
Congressional district
FL-08
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 61% of acquisition loans in Residential Remodelers on this site.
  • Average acquisition loan in Residential Remodelers: $1,623,835.
  • 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