D&T Revolution LLC
D&T Revolution LLC is a florist business located in Avon Lake, Ohio, in the florists industry (NAICS 459310). The business was financed with an SBA 7(a) loan for a change of ownership totaling $720,000, approved on October 16, 2024, by The Huntington National Bank.
SBA 7(a) loan, change of ownership, approved Oct 16, 2024
$720,000 approvedLender: The Huntington National Bank25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $720,000
- SBA-guaranteed amount
- $540,000 (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
- 8.75%, fixed
- Term
- 25 years (300 months)
- Estimated maturity
- October 16, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $5,919 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 12, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 11
- Business type
- Corporation
- NAICS
- 459310, Florists
- Project location
- Lorain County, OH
- SBA district office
- Columbus District Office
- Congressional district
- OH-09
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 44% of acquisition loans in Florists on this site.
- Average acquisition loan in Florists: $901,731.
- Average acquisition loan in Ohio: $1,840,340.
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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