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Classic Pools of Naples I LLC

Sanford, FL · All Other Specialty Trade Contractors · NAICS 238990

Classic Pools of Naples I LLC, located in Sanford, FL, operates in the All Other Specialty Trade Contractors industry (NAICS 238990). The company was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $3,616,000, approved on December 16, 2024, through The Huntington National Bank.

SBA 7(a) loan, change of ownership, approved Dec 16, 2024

$3,616,000 approvedLender: The Huntington National Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$3,616,000
SBA-guaranteed amount
$2,712,000 (75% of the approval)
Lender
The Huntington National Bank, Columbus, OH
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
7.99%, fixed
Term
10 years (120 months)
Estimated maturity
December 16, 2034 (estimated, approval date plus term)
Estimated monthly payment
$43,853 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jan 10, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
2
Business type
Corporation
NAICS
238990, All Other Specialty Trade Contractors
Project location
Seminole County, FL
SBA district office
North Florida District Office
Congressional district
FL-07
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 85% of acquisition loans in All Other Specialty Trade Contractors on this site.
  • Average acquisition loan in All Other Specialty Trade Contractors: $1,899,024.
  • 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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Same industry in Florida