Jm Meraki LLC
Jm Meraki LLC is located in Lauderhill, FL, and the SBA lists its industry as Car Washes. It was approved for an SBA 7(a) loan of $4,505,000 for a change of ownership on May 14, 2024.
SBA 7(a) loan, change of ownership, approved May 14, 2024
- Gross approval
- $4,505,000
- SBA-guaranteed amount
- $3,378,750 (75% of the approval)
- Lender
- Paradise Bank, Boca Raton, FL
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.75%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- May 14, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $40,146 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 23, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 3
- Business type
- Corporation
- NAICS
- 811192, Car Washes
- Project location
- Broward County, FL
- SBA district office
- South Florida District Office
- Congressional district
- FL-20
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 87% of acquisition loans in Car Washes on this site.
- Average acquisition loan in Car Washes: $2,047,274.
- 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.
Same industry in Florida
- GAM Commercial, LLC, West Palm Beach
- Diamond Tide Auto Spa LLC, Hobe Sound
- Gulf Coast Car Wash 2 LLC, Bradenton
- JC Capital Acquisitions LLC, Stuart
- NBG Project 2, LLC, Newberry
- Suds in the Sun Store 2 LLC, Lehigh Acres
- Sebastian River Car Wash LLC, Sebastian
- Clean Wave Car Wash, LLC, West Palm Beach