Limitless Possibilities of Florida, LLC
Limitless Possibilities of Florida, LLC is a residential intellectual and developmental disability facility in Zephyrhills, Florida. The business was financed with an SBA 7(a) loan for a change of ownership totaling $1,042,300, approved by Gulf Coast Bank and Trust Company on March 8, 2024.
SBA 7(a) loan, change of ownership, approved Mar 8, 2024
$1,042,300 approvedLender: Gulf Coast Bank and Trust Company25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,042,300
- SBA-guaranteed amount
- $781,725 (75% of the approval)
- Lender
- Gulf Coast Bank and Trust Company, New Orleans, LA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- March 8, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $10,216 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 18, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 623210, Residential Intellectual and Developmental Disability Facilities
- Project location
- Pasco County, FL
- SBA district office
- South Florida District Office
- Congressional district
- FL-12
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Residential Intellectual and Developmental Disability Facilities: $2,045,689.
- 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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