Asa Flowers LLC
Asa Flowers LLC, located in Wailuku, HI, operates in the florists industry (NAICS 459310). The business was financed with an SBA 7(a) loan for a change of ownership totaling $998,000, approved on May 27, 2025 by 22nd State Bank, A Division of 22nd State Banking Company.
SBA 7(a) loan, change of ownership, approved May 27, 2025
$998,000 approvedLender: 22nd State Bank, A Division of 22nd State Banking Company10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $998,000
- SBA-guaranteed amount
- $748,500 (75% of the approval)
- Lender
- 22nd State Bank, A Division of 22nd State Banking Company, Mobile, AL
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- May 27, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $13,327 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 26, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 9
- Business type
- Corporation
- NAICS
- 459310, Florists
- Project location
- Maui County, HI
- SBA district office
- Hawaii District Office
- Congressional district
- HI-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 56% of acquisition loans in Florists on this site.
- Average acquisition loan in Florists: $901,731.
- Average acquisition loan in Hawaii: $1,359,741.
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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