E&A Flowers LLC
E&A Flowers LLC, a florist located in Farmington, Connecticut, was financed with an SBA 7(a) loan for a change of ownership. The loan amount was $1,048,000, approved by The Bancorp Bank National Association on September 15, 2025.
SBA 7(a) loan, change of ownership, approved Sep 15, 2025
- Gross approval
- $1,048,000
- SBA-guaranteed amount
- $786,000 (75% of the approval)
- Lender
- The Bancorp Bank National Association, Sioux Falls, SD
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.5%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- September 15, 2050 (estimated, approval date plus term)
- Estimated monthly payment
- $8,439 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Oct 17, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 13
- Business type
- Corporation
- NAICS
- 459310, Florists
- Project location
- Capitol County, CT
- SBA district office
- Connecticut District Office
- Congressional district
- CT-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 69% of acquisition loans in Florists on this site.
- Average acquisition loan in Florists: $901,731.
- Average acquisition loan in Connecticut: $1,992,959.
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 Connecticut
- Shoreline Florist LLC, Waterford