Main Street Registry

Garage Living Orlando

Orlando, FL · All Other Specialty Trade Contractors · NAICS 238990

Garage Living Orlando is located in Orlando, Florida, and is classified under NAICS 238990, All Other Specialty Trade Contractors. The company was financed with an SBA 7(a) loan for a change of ownership totaling $833,000, approved on December 12, 2023, through 22nd State Bank, A Division of 22nd State Banking Company.

SBA 7(a) loan, change of ownership, approved Dec 12, 2023

$833,000 approvedLender: 22nd State Bank, A Division of 22nd State Banking Company10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$833,000
SBA-guaranteed amount
$624,750 (75% of the approval)
Lender
22nd State Bank, A Division of 22nd State Banking Company, Mobile, AL
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
11.25%, variable
Term
10 years (120 months)
Estimated maturity
December 12, 2033 (estimated, approval date plus term)
Estimated monthly payment
$11,593 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
5
Business type
Corporation
NAICS
238990, All Other Specialty Trade Contractors
Franchise
Garage Living
Project location
Orange County, FL
SBA district office
North Florida District Office
Congressional district
FL-10
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 25% of acquisition loans in All Other Specialty Trade Contractors on this site.
  • Average acquisition loan in All Other Specialty Trade Contractors: $1,899,024.
  • 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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in Florida