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South Florida Erectors Inc

Davie, FL · Other Foundation, Structure, and Building Exterior Contractors · NAICS 238190

South Florida Erectors Inc, located in Davie, FL, operates in the industry of other foundation, structure, and building exterior contractors (NAICS 238190). The company was financed with an SBA 7(a) loan for a change of ownership of $2,525,000, approved on November 25, 2025, by United Midwest Savings Bank National Association.

SBA 7(a) loan, change of ownership, approved Nov 25, 2025

$2,525,000 approvedLender: United Midwest Savings Bank National Association25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,525,000
SBA-guaranteed amount
$1,893,750 (75% of the approval)
Lender
United Midwest Savings Bank National Association, De Graff, OH
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.75%, variable
Term
25 years (300 months)
Estimated maturity
November 25, 2050 (estimated, approval date plus term)
Estimated monthly payment
$22,501 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jan 22, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
13
Business type
Corporation
NAICS
238190, Other Foundation, Structure, and Building Exterior Contractors
Project location
Broward County, FL
SBA district office
South Florida District Office
Congressional district
FL-20
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 77% of acquisition loans in Other Foundation, Structure, and Building Exterior Contractors on this site.
  • Average acquisition loan in Other Foundation, Structure, and Building Exterior Contractors: $1,808,077.
  • 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