Micheleâs Hide-Away Screens
Michele's Hide-Away Screens is a business in Ocala, Florida, classified under other personal and household goods repair and maintenance. The company was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $1,236,000 from First Internet Bank of Indiana, approved on December 5, 2025.
SBA 7(a) loan, change of ownership, approved Dec 5, 2025
$1,236,000 approvedLender: First Internet Bank of Indiana24 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,236,000
- SBA-guaranteed amount
- $927,000 (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
- 8.75%, variable
- Term
- 24 years (288 months)
- Estimated maturity
- December 5, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $10,281 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 21, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 811490, Other Personal and Household Goods Repair and Maintenance
- Project location
- Marion County, FL
- SBA district office
- North Florida District Office
- Congressional district
- FL-11
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 59% of acquisition loans in Other Personal and Household Goods Repair and Maintenance on this site.
- Average acquisition loan in Other Personal and Household Goods Repair and Maintenance: $1,433,570.
- 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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