Aurum Health LLC
Aurum Health LLC is a food and health supplement retailer in Cape Coral, Florida, classified under NAICS code 456191. The business was financed with an SBA 7(a) loan for a change of ownership, approved in January 2025 in the amount of $610,000 through Meridian Bank. The loan reports 5 jobs.
SBA 7(a) loan, change of ownership, approved Jan 24, 2025
$610,000 approvedLender: Meridian Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $610,000
- SBA-guaranteed amount
- $457,500 (75% of the approval)
- Lender
- Meridian Bank, Malvern, PA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- January 24, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $7,977 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 7, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 456191, Food (Health) Supplement Retailers
- Project location
- Lee County, FL
- SBA district office
- South Florida District Office
- Congressional district
- FL-19
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Food (Health) Supplement Retailers: $1,518,389.
- 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.