Main Street Registry

Coastal Brick & Stone, LLC

Niceville, FL · Brick, Stone, and Related Construction Material Merchant Wholesalers · NAICS 423320

Coastal Brick & Stone, LLC is a business in Niceville, Florida, in the brick, stone, and related construction material merchant wholesalers industry. The company was financed with an SBA 7(a) loan for a change of ownership of $845,000, approved by Colony Bank on April 23, 2024.

SBA 7(a) loan, change of ownership, approved Apr 23, 2024

$845,000 approvedLender: Colony Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$845,000
SBA-guaranteed amount
$633,750 (75% of the approval)
Lender
Colony Bank, Fitzgerald, GA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.75%, variable
Term
10 years (120 months)
Estimated maturity
April 23, 2034 (estimated, approval date plus term)
Estimated monthly payment
$11,521 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jul 1, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
6
Business type
Corporation
NAICS
423320, Brick, Stone, and Related Construction Material Merchant Wholesalers
Project location
Okaloosa County, FL
SBA district office
North Florida District Office
Congressional district
FL-01
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Average acquisition loan in Brick, Stone, and Related Construction Material Merchant Wholesalers: $1,679,250.
  • 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