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Seagrove Glass LLC

Santa Rosa Beach, FL · Site Preparation Contractors · NAICS 238910

Seagrove Glass LLC, located in Santa Rosa Beach, Florida, operates in the site preparation contractors industry (NAICS 238910). The company was financed with an SBA 7(a) loan for a change of ownership of $734,000, approved on March 13, 2026, through the lender VelocitySBA, LLC.

SBA 7(a) loan, change of ownership, approved Mar 13, 2026

$734,000 approvedLender: VelocitySBA, LLC10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$734,000
SBA-guaranteed amount
$550,500 (75% of the approval)
Lender
VelocitySBA, LLC, Irving, TX
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.5%, variable
Term
10 years (120 months)
Estimated maturity
March 13, 2036 (estimated, approval date plus term)
Estimated monthly payment
$9,498 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Mar 27, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
12
Business type
Corporation
NAICS
238910, Site Preparation Contractors
Project location
Walton County, FL
SBA district office
North Florida District Office
Congressional district
FL-01
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 11% of acquisition loans in Site Preparation Contractors on this site.
  • Average acquisition loan in Site Preparation Contractors: $1,877,202.
  • 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