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Mimi's and Papas Self Storage LLC

Live Oak, FL · Lessors of Miniwarehouses and Self-Storage Units · NAICS 531130

Mimi's and Papas Self Storage LLC, located in Live Oak, Florida, operates in the lessors of miniwarehouses and self-storage units industry. The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $1,691,500, from Live Oak Banking Company, with an approval date of May 22, 2026.

SBA 7(a) loan, change of ownership, approved May 22, 2026

$1,691,500 approvedLender: Live Oak Banking Company25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,691,500
SBA-guaranteed amount
$1,268,625 (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
7.75%, variable
Term
25 years (300 months)
Estimated maturity
May 22, 2051 (estimated, approval date plus term)
Estimated monthly payment
$12,776 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jun 18, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
2
Business type
Corporation
NAICS
531130, Lessors of Miniwarehouses and Self-Storage Units
Project location
Suwannee County, FL
SBA district office
North Florida District Office
Congressional district
FL-02
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 70% of acquisition loans in Lessors of Miniwarehouses and Self-Storage Units on this site.
  • Average acquisition loan in Lessors of Miniwarehouses and Self-Storage Units: $1,454,898.
  • 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