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Ed's Spa, Solar & Pools

Ormond Beach, FL · All Other Specialty Trade Contractors · NAICS 238990

Ed's Spa, Solar & Pools, located in Ormond Beach, Florida, operates in the All Other Specialty Trade Contractors industry (NAICS 238990). The business was financed with an SBA 7(a) loan for a change of ownership totaling $2,747,000, approved on October 21, 2024, by First Internet Bank of Indiana.

SBA 7(a) loan, change of ownership, approved Oct 21, 2024

$2,747,000 approvedLender: First Internet Bank of Indiana10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,747,000
SBA-guaranteed amount
$2,060,250 (75% of the approval)
Lender
First Internet Bank of Indiana, Fishers, IN
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.75%, variable
Term
10 years (120 months)
Estimated maturity
October 21, 2034 (estimated, approval date plus term)
Estimated monthly payment
$37,452 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Oct 28, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
14
Business type
Corporation
NAICS
238990, All Other Specialty Trade Contractors
Project location
Volusia County, FL
SBA district office
North Florida District Office
Congressional district
FL-06
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 77% 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