Main Street Registry

Lmg Glass and Mirror LLC

Orlando, FL · Glass and Glazing Contractors · NAICS 238150

Lmg Glass and Mirror LLC is a glass and glazing contractor located in Orlando, Florida, classified under NAICS code 238150. The company was financed with an SBA 7(a) loan for a change of ownership totaling $3,869,000, approved on March 5, 2024, through First Internet Bank of Indiana. The loan was reported with 15 jobs.

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

$3,869,000 approvedLender: First Internet Bank of Indiana10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$3,869,000
SBA-guaranteed amount
$2,901,750 (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%, variable
Term
10 years (120 months)
Estimated maturity
March 5, 2034 (estimated, approval date plus term)
Estimated monthly payment
$53,295 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
May 13, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
15
Business type
Corporation
NAICS
238150, Glass and Glazing Contractors
Project location
Orange County, FL
SBA district office
North Florida District Office
Congressional district
FL-10
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 88% of acquisition loans in Glass and Glazing Contractors on this site.
  • Average acquisition loan in Glass and Glazing Contractors: $2,029,425.
  • 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