International Restaurant Distributors, LLC
International Restaurant Distributors, LLC is a business in Apopka, FL, in the Other Commercial Equipment Merchant Wholesalers industry (NAICS 423440). It was financed with an SBA 7(a) loan for a change of ownership in the amount of $4.56 million, approved on September 6, 2024, by Live Oak Banking Company and reported with 17 jobs.
SBA 7(a) loan, change of ownership, approved Sep 6, 2024
$4,560,000 approvedLender: Live Oak Banking Company17 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $4,560,000
- SBA-guaranteed amount
- $1,714,560 (38% of the approval)
- Lender
- Live Oak Banking Company, Wilmington, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.5%, variable
- Term
- 17 years (204 months)
- Estimated maturity
- September 6, 2041 (estimated, approval date plus term)
- Estimated monthly payment
- $48,021 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Sep 30, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 17
- Business type
- Corporation
- NAICS
- 423440, Other Commercial Equipment Merchant Wholesalers
- Project location
- Orange County, FL
- SBA district office
- North Florida District Office
- Congressional district
- FL-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 91% of acquisition loans in Other Commercial Equipment Merchant Wholesalers on this site.
- Average acquisition loan in Other Commercial Equipment Merchant Wholesalers: $1,485,627.
- 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.