Mangual Enterprises Four, LLC
Mangual Enterprises Four, LLC is a general automotive repair business in Fort Myers, Florida. The company was financed with an SBA 7(a) loan for a change of ownership of $2.8 million, approved on August 15, 2024 by Live Oak Banking Company.
SBA 7(a) loan, change of ownership, approved Aug 15, 2024
- Gross approval
- $2,800,000
- SBA-guaranteed amount
- $2,100,000 (75% of the approval)
- Lender
- Live Oak Banking Company, Wilmington, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- August 15, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $24,464 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Aug 30, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 811111, General Automotive Repair
- Project location
- Lee County, FL
- SBA district office
- South Florida District Office
- Congressional district
- FL-19
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 92% of acquisition loans in General Automotive Repair on this site.
- Average acquisition loan in General Automotive Repair: $1,353,136.
- 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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