Villiotti Enterprises LLC
Villiotti Enterprises LLC is a motor vehicle towing business in Orlando, Florida, classified under NAICS code 488410. The company was financed with an SBA 7(a) loan for a change of ownership of $540,000, approved by United Midwest Savings Bank National Association on November 5, 2023.
SBA 7(a) loan, change of ownership, approved Nov 5, 2023
$540,000 approvedLender: United Midwest Savings Bank National Association9 years termCharged offLoan details
- Gross approval
- $540,000
- SBA-guaranteed amount
- $405,000 (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
- 11.25%, variable
- Term
- 9 years (108 months)
- Estimated maturity
- November 5, 2032 (estimated, approval date plus term)
- Estimated monthly payment
- $7,973 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 15, 2023
- Loan status
- Charged off
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 488410, Motor Vehicle Towing
- Project location
- Orange County, FL
- SBA district office
- North Florida District Office
- Congressional district
- FL-10
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 7% of acquisition loans in Motor Vehicle Towing on this site.
- Average acquisition loan in Motor Vehicle Towing: $1,770,240.
- 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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