Bow Tie Southern Palms LLC
Bow Tie Southern Palms LLC is a portrait photography studio in Saint Johns, Florida. The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $528,000, approved by First National Bank of Pennsylvania on February 11, 2025.
SBA 7(a) loan, change of ownership, approved Feb 11, 2025
$528,000 approvedLender: First National Bank of Pennsylvania10 years termPaid in fullLoan details
- Gross approval
- $528,000
- SBA-guaranteed amount
- $396,000 (75% of the approval)
- Lender
- First National Bank of Pennsylvania, Greenville, PA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- February 11, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $6,832 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 20, 2025
- Loan status
- Paid in full
- Jobs supported
- 29
- Business type
- Corporation
- NAICS
- 541921, Photography Studios, Portrait
- Project location
- Saint Johns County, FL
- SBA district office
- North Florida District Office
- Congressional district
- FL-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Photography Studios, Portrait: $1,776,625.
- 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.
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