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Franciosi Management & Investments, LLC

Mangonia Park, FL · General Automotive Repair · NAICS 811111

Franciosi Management & Investments, LLC is a general automotive repair business located in Mangonia Park, Florida, classified under NAICS code 811111. The company was financed with an SBA 7(a) loan for a change of ownership of $1,842,600, approved on May 24, 2024 by Valley National Bank.

SBA 7(a) loan, change of ownership, approved May 24, 2024

$1,842,600 approvedLender: Valley National Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,842,600
SBA-guaranteed amount
$1,381,950 (75% of the approval)
Lender
Valley National Bank, Passaic, NJ
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.5%, variable
Term
25 years (300 months)
Estimated maturity
May 24, 2049 (estimated, approval date plus term)
Estimated monthly payment
$17,397 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
May 31, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
8
Business type
Corporation
NAICS
811111, General Automotive Repair
Project location
Palm Beach County, FL
SBA district office
South Florida District Office
Congressional district
FL-18
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 80% of acquisition loans in General Automotive Repair on this site.
  • Average acquisition loan in General Automotive Repair: $1,353,136.
  • 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