Oliver's Cycle Sports, Inc.
Oliver's Cycle Sports, Inc. is a sporting goods retailer located in Tampa, Florida, classified under NAICS 459110. The business was financed with an SBA 7(a) loan for a change of ownership totaling $720,000, with City National Bank of Florida as the lender and an approval date of August 24, 2026.
SBA 7(a) loan, change of ownership, approved Aug 24, 2026
$720,000 approvedLender: City National Bank of Florida10 years termCommitted, not fully disbursedLoan details
- Gross approval
- $720,000
- SBA-guaranteed amount
- $540,000 (75% of the approval)
- Lender
- City National Bank of Florida, Coral Gables, FL
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- August 24, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $9,317 Estimated payment at the initial rate over the full term; actual terms vary.
- Loan status
- Committed, not fully disbursed
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 459110, Sporting Goods Retailers
- Project location
- Hillsborough County, FL
- SBA district office
- South Florida District Office
- Congressional district
- FL-14
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 26% of acquisition loans in Sporting Goods Retailers on this site.
- Average acquisition loan in Sporting Goods Retailers: $1,337,498.
- 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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