Main Street Registry

Tim's Carrara Kitchens and Baths, LLC

Naples, FL · All Other Specialty Trade Contractors · NAICS 238990

Tim's Carrara Kitchens and Baths, LLC is located in Naples, Florida, and operates in the All Other Specialty Trade Contractors industry. The company was financed with an SBA 7(a) loan for a change of ownership of $585,000, approved on September 13, 2024, through The Huntington National Bank.

SBA 7(a) loan, change of ownership, approved Sep 13, 2024

$585,000 approvedLender: The Huntington National Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$585,000
SBA-guaranteed amount
$438,750 (75% of the approval)
Lender
The Huntington National Bank, Columbus, OH
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.5%, variable
Term
10 years (120 months)
Estimated maturity
September 13, 2034 (estimated, approval date plus term)
Estimated monthly payment
$7,894 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Sep 30, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
18
Business type
Corporation
NAICS
238990, All Other Specialty Trade Contractors
Project location
Collier County, FL
SBA district office
South Florida District Office
Congressional district
FL-19
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 14% of acquisition loans in All Other Specialty Trade Contractors on this site.
  • Average acquisition loan in All Other Specialty Trade Contractors: $1,899,024.
  • 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