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SkyBlue Coastal, LLC

Myrtle Beach, SC · Pet Care (except Veterinary) Services · NAICS 812910

SkyBlue Coastal, LLC, located in Myrtle Beach, SC, operates in the pet care services industry (except veterinary services). The business was financed with an SBA 7(a) loan for a change of ownership totaling $1,885,000, approved by First National Bank of Pennsylvania on October 16, 2024.

SBA 7(a) loan, change of ownership, approved Oct 16, 2024

$1,885,000 approvedLender: First National Bank of Pennsylvania16 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,885,000
SBA-guaranteed amount
$1,413,750 (75% of the approval)
Lender
First National Bank of Pennsylvania, Greenville, PA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8%, variable
Term
16 years (192 months)
Estimated maturity
October 16, 2040 (estimated, approval date plus term)
Estimated monthly payment
$17,435 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Oct 31, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
30
Business type
Corporation
NAICS
812910, Pet Care (except Veterinary) Services
Project location
Horry County, SC
SBA district office
South Carolina District Office
Congressional district
SC-07
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 78% of acquisition loans in Pet Care (except Veterinary) Services on this site.
  • Average acquisition loan in Pet Care (except Veterinary) Services: $1,325,264.
  • Average acquisition loan in South Carolina: $1,827,509.

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 South Carolina