Lexa Records Holdings, LLC
Lexa Records Holdings, LLC, located in Wilton Manors, Florida, operates in the administrative management and general management consulting services industry (NAICS 541611). The company was financed with an SBA 7(a) loan for a change of ownership totaling $500,000, approved on November 11, 2023 by United Community Bank.
SBA 7(a) loan, change of ownership, approved Nov 11, 2023
$500,000 approvedLender: United Community Bank10 years termCommitted, not fully disbursedLoan details
- Gross approval
- $500,000
- SBA-guaranteed amount
- $250,000 (50% of the approval)
- Lender
- United Community Bank, Greenville, SC
- Processing method
- SBA Express: streamlined process using the lender's own procedures, with a smaller SBA guarantee
- Initial interest rate
- 8%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- November 11, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $6,066 Estimated payment at the initial rate over the full term; actual terms vary.
- Loan status
- Committed, not fully disbursed
- Jobs supported
- 32
- Business type
- Corporation
- NAICS
- 541611, Administrative Management and General Management Consulting Services
- Project location
- Broward County, FL
- SBA district office
- South Florida District Office
- Congressional district
- FL-20
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- Yes
- Average acquisition loan in Administrative Management and General Management Consulting Services: $2,320,768.
- 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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