Emerald Coast Vision Aids, Inc
Emerald Coast Vision Aids, Inc is located in Pensacola, FL, and the SBA lists its industry as All Other Health and Personal Care Retailers. It was approved for an SBA 7(a) loan of $1,653,600 for a change of ownership on November 14, 2023.
SBA 7(a) loan, change of ownership, approved Nov 14, 2023
- Gross approval
- $1,653,600
- SBA-guaranteed amount
- $1,240,200 (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
- 10.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- November 14, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $22,082 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 6, 2023
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 1
- Business type
- Corporation
- NAICS
- 456199, All Other Health and Personal Care Retailers
- Project location
- Escambia County, FL
- SBA district office
- North Florida District Office
- Congressional district
- FL-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 36% of acquisition loans in All Other Health and Personal Care Retailers on this site.
- Average acquisition loan in All Other Health and Personal Care Retailers: $1,847,927.
- 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
- Zev Supplies Corp., Pompano Beach
- Ability Medical Supply, Inc., Stuart