Shoreline Florist LLC
Shoreline Florist LLC is a florist located in Waterford, Connecticut, according to the SBA-published industry classification for NAICS code 459310. The business was financed with an SBA 7(a) loan for a change of ownership of $520,000, approved by Accordia Bank on January 29, 2025. The loan reported 6 jobs.
SBA 7(a) loan, change of ownership, approved Jan 29, 2025
$520,000 approvedLender: Accordia Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $520,000
- SBA-guaranteed amount
- $390,000 (75% of the approval)
- Lender
- Accordia Bank, Provo, UT
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- January 29, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $6,872 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 31, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 459310, Florists
- Project location
- Southeastern Ct County, CT
- SBA district office
- Connecticut District Office
- Congressional district
- CT-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 6% of acquisition loans in Florists on this site.
- Average acquisition loan in Florists: $901,731.
- Average acquisition loan in Connecticut: $1,992,959.
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 Connecticut
- E&A Flowers LLC, Farmington