Howard J Miller Consulting Engineers, Inc.
Howard J Miller Consulting Engineers, Inc. is an engineering services business in Port Saint Lucie, Florida, classified under NAICS 541330. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $635,000, approved on November 14, 2024 by Live Oak Banking Company.
SBA 7(a) loan, change of ownership, approved Nov 14, 2024
$635,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $635,000
- SBA-guaranteed amount
- $476,250 (75% of the approval)
- Lender
- Live Oak Banking Company, Wilmington, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.85%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- November 14, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $8,339 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 9, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 541330, Engineering Services
- Project location
- Saint Lucie 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 15% of acquisition loans in Engineering Services on this site.
- Average acquisition loan in Engineering Services: $1,946,706.
- 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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