Main Street Registry

Vanlife Outfitters LLC

Sarasota, FL · Motor Vehicle Supplies and New Parts Merchant Wholesalers · NAICS 423120

Vanlife Outfitters LLC is a business in Sarasota, Florida, in the motor vehicle supplies and new parts merchant wholesalers industry (NAICS 423120). It was financed with an SBA 7(a) loan for a change of ownership of $2,373,000, approved on January 2, 2025, by The Huntington National Bank. The loan was reported with 12 jobs.

SBA 7(a) loan, change of ownership, approved Jan 2, 2025

$2,373,000 approvedLender: The Huntington National Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,373,000
SBA-guaranteed amount
$1,779,750 (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
9.75%, variable
Term
10 years (120 months)
Estimated maturity
January 2, 2035 (estimated, approval date plus term)
Estimated monthly payment
$31,032 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jan 29, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
12
Business type
Corporation
NAICS
423120, Motor Vehicle Supplies and New Parts Merchant Wholesalers
Project location
Sarasota County, FL
SBA district office
South Florida District Office
Congressional district
FL-16
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Average acquisition loan in Motor Vehicle Supplies and New Parts Merchant Wholesalers: $2,098,000.
  • 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