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Elikem Realty LLC

Nokomis, FL · Landscaping Services · NAICS 561730

Elikem Realty LLC, located in Nokomis, Florida, operates in landscaping services. The company was financed with an SBA 7(a) loan for a change of ownership of $1.8 million, approved on February 29, 2024, through The Huntington National Bank.

SBA 7(a) loan, change of ownership, approved Feb 29, 2024

$1,848,000 approvedLender: The Huntington National Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,848,000
SBA-guaranteed amount
$1,386,000 (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
8.99%, fixed
Term
25 years (300 months)
Estimated maturity
February 28, 2049 (estimated, approval date plus term)
Estimated monthly payment
$15,496 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Apr 30, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
44
Business type
Corporation
NAICS
561730, Landscaping Services
Project location
Sarasota County, FL
SBA district office
South Florida District Office
Congressional district
FL-17
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 73% of acquisition loans in Landscaping Services on this site.
  • Average acquisition loan in Landscaping Services: $1,520,772.
  • 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