Ibiley Uniforms and More
Ibiley Uniforms and More is a clothing and clothing accessories retailer located in Winter Haven, Florida. The company financed real estate or equipment through an SBA 504 loan of $1,087,000, approved on September 3, 2024, with US Century Bank as the participating lender and Florida Business Development Corporation as the certified development company.
SBA 504 loan, approved Sep 3, 2024
$1,087,000 SBA portionCDC: Florida Business Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,087,000
- Bank portion
- $1,325,000
- Estimated project size
- $2,680,000 (estimated)
- Estimated owner equity
- $268,000 (estimated, about 10% of the project)
- Bank lender
- US Century Bank, Doral, FL
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- September 3, 2049 (estimated, approval date plus term)
- First disbursement
- Nov 13, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 458110, Clothing and Clothing Accessories Retailers
- Project location
- Polk County, FL
- SBA district office
- South Florida District Office
- Congressional district
- FL-9
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Average expansion loan in Clothing and Clothing Accessories Retailers: $1,913,179.
- Average expansion loan in Florida: $2,058,496.
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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