Tools for a Time Jacksonville, LLC
Tools for a Time Jacksonville, LLC is located in Jacksonville, FL, and the SBA lists its industry as Outdoor Power Equipment Retailers. It was approved for an SBA 7(a) loan of $1,399,000 for a change of ownership on October 12, 2023.
SBA 7(a) loan, change of ownership, approved Oct 12, 2023
- Gross approval
- $1,399,000
- SBA-guaranteed amount
- $1,049,250 (75% of the approval)
- Lender
- Renasant Bank, Tupelo, MS
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 10.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- October 12, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $18,877 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Oct 30, 2023
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 15
- Business type
- Corporation
- NAICS
- 444230, Outdoor Power Equipment Retailers
- Project location
- Duval County, FL
- SBA district office
- North Florida District Office
- Congressional district
- FL-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 47% of acquisition loans in Outdoor Power Equipment Retailers on this site.
- Average acquisition loan in Outdoor Power Equipment Retailers: $1,637,484.
- 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
- Southern Outdoor Equipment Superstore, Loxahatchee Groves