The Art of Tea, LLC
The Art of Tea, LLC is a coffee and tea manufacturer located in Fort Lauderdale, Florida. The company financed real estate or equipment through an SBA 504 loan of $1,758,000, approved on February 21, 2025, with Bank of America N.A. as the partner lender and Florida First Capital Finance Corporation, Inc. as the certified development company. The loan is associated with 20 jobs.
SBA 504 loan, approved Feb 21, 2025
$1,758,000 SBA portionCDC: Florida First Capital Finance Corporation, Inc.25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,758,000
- Bank portion
- $2,150,000
- Estimated project size
- $4,342,222 (estimated)
- Estimated owner equity
- $434,222 (estimated, about 10% of the project)
- Bank lender
- Bank of America N.a., Charlotte, NC
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- February 21, 2050 (estimated, approval date plus term)
- First disbursement
- Jun 11, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 20
- Business type
- Corporation
- NAICS
- 311920, Coffee and Tea Manufacturing
- Project location
- Broward County, FL
- SBA district office
- South Florida District Office
- Congressional district
- FL-20
- Collateral
- Yes
Estimated share of project by source
Bank 50% SBA (CDC) 40% Owner 10%
- Average expansion loan in Coffee and Tea Manufacturing: $1,425,000.
- 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.