Emerald Coast Metal Recycling LLC
Emerald Coast Metal Recycling LLC, located in Panama City, Florida, operates in the recyclable material merchant wholesalers industry (NAICS 423930). The company was financed with an SBA 7(a) loan for a change of ownership of $3,394,400, approved by First Federal Bank on July 6, 2026, with a 120-month term and 23 jobs reported.
SBA 7(a) loan, change of ownership, approved Jul 6, 2026
$3,394,400 approvedLender: First Federal Bank10 years termCommitted, not fully disbursedLoan details
- Gross approval
- $3,394,400
- SBA-guaranteed amount
- $3,054,960 (90% of the approval)
- Lender
- First Federal Bank, Lake City, FL
- Processing method
- International Trade Loan: for businesses that export or are preparing to
- Initial interest rate
- 7.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- July 6, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $40,736 Estimated payment at the initial rate over the full term; actual terms vary.
- Loan status
- Committed, not fully disbursed
- Jobs supported
- 23
- Business type
- Corporation
- NAICS
- 423930, Recyclable Material Merchant Wholesalers
- Project location
- Bay County, FL
- SBA district office
- North Florida District Office
- Congressional district
- FL-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Recyclable Material Merchant Wholesalers: $2,310,975.
- 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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