American Appliance
American Appliance is located in Saint Petersburg, FL, and the SBA lists its industry as Electronics and Appliance Retailers. It was approved for an SBA 7(a) loan of $2,240,000 for a change of ownership on July 29, 2026.
SBA 7(a) loan, change of ownership, approved Jul 29, 2026
- Gross approval
- $2,240,000
- SBA-guaranteed amount
- $1,680,000 (75% of the approval)
- Lender
- First Internet Bank of Indiana, Fishers, IN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.75%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- July 29, 2051 (estimated, approval date plus term)
- Estimated monthly payment
- $18,416 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Aug 31, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 15
- Business type
- Corporation
- NAICS
- 449210, Electronics and Appliance Retailers
- Project location
- Pinellas County, FL
- SBA district office
- South Florida District Office
- Congressional district
- FL-13
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 80% of acquisition loans in Electronics and Appliance Retailers on this site.
- Average acquisition loan in Electronics and Appliance Retailers: $1,482,373.
- 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.
Is this your company? Claim or correct this listing. See Corrections.