Florida Lighting Investment Partners, LLC
Florida Lighting Investment Partners, LLC is located in Boca Raton, Florida, and operates in commercial, industrial, and institutional electric lighting fixture manufacturing (NAICS 335132). The company was financed with an SBA 7(a) loan for a change of ownership of $4,015,000, approved on November 8, 2023, through PNC Bank, National Association.
SBA 7(a) loan, change of ownership, approved Nov 8, 2023
$4,015,000 approvedLender: PNC Bank, National Association10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $4,015,000
- SBA-guaranteed amount
- $3,011,250 (75% of the approval)
- Lender
- PNC Bank, National Association, Wilmington, DE
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.5%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- November 8, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $49,780 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 15, 2023
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 1
- Business type
- Corporation
- NAICS
- 335132, Commercial, Industrial, and Institutional Electric Lighting Fixture Manufacturing
- Project location
- Palm Beach County, FL
- SBA district office
- South Florida District Office
- Congressional district
- FL-21
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Commercial, Industrial, and Institutional Electric Lighting Fixture Manufacturing: $1,905,000.
- 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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