Watermelon Swim Zephyrhills LLC
Watermelon Swim Zephyrhills LLC is a sports and recreation instruction business located in Zephyrhills, Florida. It financed real estate or equipment through an SBA 504 loan of $2,035,000, with DFCU Financial as the bank lender and Florida Business Development Corporation as the certified development company, approved on September 11, 2024.
SBA 504 loan, approved Sep 11, 2024
$2,035,000 SBA portionCDC: Florida Business Development Corporation25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $2,035,000
- Bank portion
- $2,963,000
- Estimated project size
- $5,553,333 (estimated)
- Estimated owner equity
- $555,333 (estimated, about 10% of the project)
- Bank lender
- DFCU Financial, Dearborn, MI
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- September 11, 2049 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 30
- Business type
- Corporation
- NAICS
- 611620, Sports and Recreation Instruction
- Project location
- Pasco County, FL
- SBA district office
- South Florida District Office
- Congressional district
- FL-12
- Collateral
- Yes
Estimated share of project by source
Bank 53% SBA (CDC) 37% Owner 10%
- Larger than 70% of expansion loans in Sports and Recreation Instruction on this site.
- Average expansion loan in Sports and Recreation Instruction: $1,653,800.
- Average expansion loan in Florida: $2,058,496.
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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