Sarasota Builder Flooring, Inc.
Sarasota Builder Flooring, Inc. is located in Sarasota, FL, and the SBA lists its industry as Flooring Contractors. It was approved for an SBA 7(a) loan of $500,000 for a change of ownership on March 28, 2024.
SBA 7(a) loan, change of ownership, approved Mar 28, 2024
- Gross approval
- $500,000
- SBA-guaranteed amount
- $375,000 (75% of the approval)
- Lender
- Wells Fargo Bank National Association, Sioux Falls, SD
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.8%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- March 28, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $6,014 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 5, 2024
- Loan status
- Paid in full
- Jobs supported
- 18
- Business type
- Corporation
- NAICS
- 238330, Flooring Contractors
- Project location
- Sarasota County, FL
- SBA district office
- South Florida District Office
- Congressional district
- FL-16
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Flooring Contractors: $1,653,780.
- 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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- TSI Commercial Floor Covering of Texas Inc., Fort Lauderdale
- E&B Surface Solutions, Inc., Jacksonville
- Alpha Surfaces LLC, Daytona Beach
- Lamarca Flooring Installations LLC, Lake Worth Beach
- Nickerson Enterprises LLC, Odessa