For the Love of Sailing, LLC
For the Love of Sailing, LLC, located in Emeryville, CA, operates in the scenic and sightseeing transportation, water industry (NAICS 487210). The company was financed with an SBA 7(a) loan for a change of ownership of $519,000, approved on January 10, 2025, through Gulf Coast Bank and Trust Company.
SBA 7(a) loan, change of ownership, approved Jan 10, 2025
$519,000 approvedLender: Gulf Coast Bank and Trust Company10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $519,000
- SBA-guaranteed amount
- $389,250 (75% of the approval)
- Lender
- Gulf Coast Bank and Trust Company, New Orleans, LA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- January 10, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $7,003 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 23, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 3
- Business type
- Corporation
- NAICS
- 487210, Scenic and Sightseeing Transportation, Water
- Franchise
- SailTime
- Project location
- Alameda County, CA
- SBA district office
- San Francisco District Office
- Congressional district
- CA-13
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Scenic and Sightseeing Transportation, Water: $1,066,000.
- Average acquisition loan in California: $1,688,228.
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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