Main Street Registry

Riley & Higgs LLC

Fort Myers, FL · All Other Miscellaneous Retailers · NAICS 459999

Riley & Higgs LLC, located in Fort Myers, Florida, operates in the All Other Miscellaneous Retailers industry (NAICS 459999). The company was financed with an SBA 7(a) loan for a change of ownership totaling $655,000, approved on August 7, 2025, through Milestone Bank.

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

$655,000 approvedLender: Milestone Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$655,000
SBA-guaranteed amount
$491,250 (75% of the approval)
Lender
Milestone Bank, Salt Lake City, UT
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.25%, variable
Term
10 years (120 months)
Estimated maturity
August 7, 2035 (estimated, approval date plus term)
Estimated monthly payment
$8,747 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Aug 18, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
2
Business type
Corporation
NAICS
459999, All Other Miscellaneous Retailers
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 20% of acquisition loans in All Other Miscellaneous Retailers on this site.
  • Average acquisition loan in All Other Miscellaneous Retailers: $1,546,818.
  • 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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in Florida