Main Street Registry

J&B Fine Cabinetry

Saint Petersburg, FL · Finish Carpentry Contractors · NAICS 238350

J&B Fine Cabinetry is a finish carpentry contractor in Saint Petersburg, Florida, in the NAICS industry 238350. The company was financed with an SBA 7(a) loan for a change of ownership of $2,112,000, approved on January 5, 2024, by First Internet Bank of Indiana.

SBA 7(a) loan, change of ownership, approved Jan 5, 2024

$2,112,000 approvedLender: First Internet Bank of Indiana91 months termStatus not reported (SBA exemption)Loan details
Gross approval
$2,112,000
SBA-guaranteed amount
$1,584,000 (75% of the approval)
Lender
First Internet Bank of Indiana, Fishers, IN
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
11.25%, variable
Term
7 years, 7 months (91 months)
Estimated maturity
August 5, 2031 (estimated, approval date plus term)
Estimated monthly payment
$34,602 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Feb 1, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
5
Business type
Corporation
NAICS
238350, Finish Carpentry Contractors
Project location
Pinellas County, FL
SBA district office
South Florida District Office
Congressional district
FL-13
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 81% of acquisition loans in Finish Carpentry Contractors on this site.
  • Average acquisition loan in Finish Carpentry Contractors: $1,618,816.
  • 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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Same industry in Florida