Lux-Art Silks International, Inc.
Lux-Art Silks International, Inc. is a business in Sarasota, Florida, in the all other home furnishings retailers industry (NAICS 449129). The company financed real estate or equipment through an SBA 504 loan of $1,845,000, with Seacoast National Bank as the lending partner and Florida Business Development Corporation as the certified development company, with approval dated January 7, 2026.
SBA 504 loan, approved Jan 7, 2026
$1,845,000 SBA portionCDC: Florida Business Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,845,000
- Bank portion
- $2,240,765
- Estimated project size
- $4,539,739 (estimated)
- Estimated owner equity
- $453,974 (estimated, about 10% of the project)
- Bank lender
- Seacoast National Bank, Stuart, FL
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- January 7, 2051 (estimated, approval date plus term)
- First disbursement
- Apr 15, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 1
- Business type
- Corporation
- NAICS
- 449129, All Other Home Furnishings Retailers
- Project location
- Manatee County, FL
- SBA district office
- South Florida District Office
- Congressional district
- FL-16
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 69% of expansion loans in All Other Home Furnishings Retailers on this site.
- Average expansion loan in All Other Home Furnishings Retailers: $1,558,154.
- Average expansion loan in Florida: $2,058,496.
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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