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Sunstate Awning & Graphic Design, Inc.

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

Sunstate Awning & Graphic Design, Inc. is a business in Sanford, FL, in the other foundation, structure, and building exterior contractors industry. It was financed with an SBA 7(a) loan for a change of ownership of $1,550,000 from Seacoast National Bank, approved on December 9, 2023.

SBA 7(a) loan, change of ownership, approved Dec 9, 2023

$1,550,000 approvedLender: Seacoast National Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,550,000
SBA-guaranteed amount
$1,162,500 (75% of the approval)
Lender
Seacoast National Bank, Stuart, FL
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.75%, variable
Term
10 years (120 months)
Estimated maturity
December 9, 2033 (estimated, approval date plus term)
Estimated monthly payment
$20,269 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Feb 2, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
40
Business type
Corporation
NAICS
238190, Other Foundation, Structure, and Building Exterior Contractors
Project location
Seminole County, FL
SBA district office
North Florida District Office
Congressional district
FL-07
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 53% 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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