Freihofer Brothers LLC
Freihofer Brothers LLC is located in Jacksonville, FL, and the SBA lists its industry as Motorcycle, ATV, and All Other Motor Vehicle Dealers. It was approved for an SBA 7(a) loan of $903,000 for a change of ownership on November 14, 2023.
SBA 7(a) loan, change of ownership, approved Nov 14, 2023
- Gross approval
- $903,000
- SBA-guaranteed amount
- $677,250 (75% of the approval)
- Lender
- North State Bank, Raleigh, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- November 14, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $12,185 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 22, 2023
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 7
- Business type
- Corporation
- NAICS
- 441227, Motorcycle, ATV, and All Other Motor Vehicle Dealers
- Project location
- Duval County, FL
- SBA district office
- North Florida District Office
- Congressional district
- FL-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 7% of acquisition loans in Motorcycle, ATV, and All Other Motor Vehicle Dealers on this site.
- Average acquisition loan in Motorcycle, ATV, and All Other Motor Vehicle Dealers: $2,557,093.
- 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
- Motorcycles of Florida LLC, Fort Myers
- JCV Portfolio LLC, Tampa