Main Street Registry

Pelican Pools of Florida LLC

Englewood, FL · Other Personal and Household Goods Repair and Maintenance · NAICS 811490

Pelican Pools of Florida LLC, located in Englewood, FL, operates in the other personal and household goods repair and maintenance industry. The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $1,150,000, approved on November 24, 2023 by Live Oak Banking Company.

SBA 7(a) loan, change of ownership, approved Nov 24, 2023

$1,150,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,150,000
SBA-guaranteed amount
$862,500 (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
10 years (120 months)
Estimated maturity
November 24, 2033 (estimated, approval date plus term)
Estimated monthly payment
$14,881 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jan 16, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
16
Business type
Corporation
NAICS
811490, Other Personal and Household Goods Repair and Maintenance
Project location
Charlotte County, FL
SBA district office
South Florida District Office
Congressional district
FL-17
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 56% of acquisition loans in Other Personal and Household Goods Repair and Maintenance on this site.
  • Average acquisition loan in Other Personal and Household Goods Repair and Maintenance: $1,433,570.
  • 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