Main Street Registry

Elite Medical Spa

Sarasota, FL · Other Personal Care Services · NAICS 812199

Elite Medical Spa, located in Sarasota, Florida, operates in the Other Personal Care Services industry (NAICS 812199). The business financed real estate or equipment through an SBA 504 loan of $1,777,000 approved on March 22, 2024, with the Florida Business Development Corporation as the certified development company and First-Citizens Bank & Trust Company as the lending bank.

SBA 504 loan, approved Mar 22, 2024

$1,777,000 SBA portionCDC: Florida Business Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,777,000
Bank portion
$2,170,000
Estimated project size
$4,385,556 (estimated)
Estimated owner equity
$438,556 (estimated, about 10% of the project)
Bank lender
First-Citizens Bank & Trust Company, Raleigh, NC
CDC
Florida Business Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
March 22, 2049 (estimated, approval date plus term)
First disbursement
Jul 15, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
4
Business type
Corporation
NAICS
812199, Other Personal Care Services
Project location
Sarasota County, FL
SBA district office
South Florida District Office
Congressional district
FL-16
Collateral
Yes

Estimated share of project by source

Bank 49% SBA (CDC) 41% Owner 10%

  • Larger than 73% of expansion loans in Other Personal Care Services on this site.
  • Average expansion loan in Other Personal Care Services: $1,501,000.
  • Average expansion loan in Florida: $2,058,496.

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