Main Street Registry

Annie's ALF at Magnolia Manor LLC

Lutz, FL · Assisted Living Facilities for the Elderly · NAICS 623312

Annie's ALF at Magnolia Manor LLC is located in Lutz, Florida, in the assisted living facilities for the elderly industry (NAICS 623312). The company financed real estate or equipment through an SBA 504 loan of $1,815,000, approved on June 13, 2025, with Suncoast CU as the lending bank and Florida Business Development Corporation as the certified development company.

SBA 504 loan, approved Jun 13, 2025

$1,815,000 SBA portionCDC: Florida Business Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,815,000
Bank portion
$2,532,500
Estimated project size
$4,830,556 (estimated)
Estimated owner equity
$483,056 (estimated, about 10% of the project)
Bank lender
Suncoast CU, Tampa, FL
CDC
Florida Business Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
June 13, 2050 (estimated, approval date plus term)
First disbursement
Sep 17, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
25
Business type
Corporation
NAICS
623312, Assisted Living Facilities for the Elderly
Project location
Hillsborough County, FL
SBA district office
South Florida District Office
Congressional district
FL-12
Collateral
Yes

Estimated share of project by source

Bank 52% SBA (CDC) 38% Owner 10%

  • Larger than 58% of expansion loans in Assisted Living Facilities for the Elderly on this site.
  • Average expansion loan in Assisted Living Facilities for the Elderly: $1,996,284.
  • 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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in Florida