Main Street Registry

JP & AP Enterprises Inc.

Sarasota, FL · Other Building Material Dealers · NAICS 444180

JP & AP Enterprises Inc. is located in Sarasota, FL, and the SBA lists its industry as Other Building Material Dealers. It was approved for an SBA 7(a) loan of $1,795,000 for a change of ownership on April 23, 2024.

SBA 7(a) loan, change of ownership, approved Apr 23, 2024

Gross approval
$1,795,000
SBA-guaranteed amount
$1,346,250 (75% of the approval)
Lender
The Huntington National Bank, Columbus, OH
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
11.25%, variable
Term
10 years (120 months)
Estimated maturity
April 23, 2034 (estimated, approval date plus term)
Estimated monthly payment
$24,981 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
May 9, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
5
Business type
Corporation
NAICS
444180, Other Building Material Dealers
Project location
Sarasota County, FL
SBA district office
South Florida District Office
Congressional district
FL-16
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)

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