Gulf Coast Party and Event Rental, LLC
Gulf Coast Party and Event Rental, LLC is a general rental center located in Clearwater, Florida. The company was financed with an SBA 7(a) loan for a change of ownership totaling $2.6 million, approved on September 10, 2026, through Colony Bank.
SBA 7(a) loan, change of ownership, approved Sep 10, 2026
$2,604,000 approvedLender: Colony Bank10 years termCommitted, not fully disbursedLoan details
- Gross approval
- $2,604,000
- SBA-guaranteed amount
- $1,953,000 (75% of the approval)
- Lender
- Colony Bank, Fitzgerald, GA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- September 10, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $33,695 Estimated payment at the initial rate over the full term; actual terms vary.
- Loan status
- Committed, not fully disbursed
- Jobs supported
- 15
- Business type
- LLC or partnership
- NAICS
- 532310, General Rental Centers
- Project location
- Pinellas County, FL
- SBA district office
- South Florida District Office
- Congressional district
- FL-13
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in General Rental Centers: $1,770,300.
- 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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