Fete Events and Linens, LLC
Fete Events and Linens, LLC is located in Doral, Florida, and operates in All Other Consumer Goods Rental (NAICS 532289). The company was financed with an SBA 7(a) loan for a change of ownership of $1,168,200, approved on April 9, 2025, through Pathward National Association.
SBA 7(a) loan, change of ownership, approved Apr 9, 2025
$1,168,200 approvedLender: Pathward National Association10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,168,200
- SBA-guaranteed amount
- $876,150 (75% of the approval)
- Lender
- Pathward National Association, Sioux Falls, SD
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.75%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- April 9, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $15,277 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 30, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 532289, All Other Consumer Goods Rental
- Project location
- Miami-Dade County, FL
- SBA district office
- South Florida District Office
- Congressional district
- FL-25
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 47% of acquisition loans in All Other Consumer Goods Rental on this site.
- Average acquisition loan in All Other Consumer Goods Rental: $1,481,047.
- 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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