Nollet Nautica Inc
Nollet Nautica Inc is a business in Deerfield Beach, Florida, in the reupholstery and furniture repair industry. It was financed with an SBA 7(a) loan for a change of ownership, approved in an amount of $2,355,000 by Live Oak Banking Company, with a date of June 5, 2026.
SBA 7(a) loan, change of ownership, approved Jun 5, 2026
$2,355,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,355,000
- SBA-guaranteed amount
- $1,766,250 (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
- 8.35%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- June 5, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $29,010 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 29, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 22
- Business type
- Corporation
- NAICS
- 811420, Reupholstery and Furniture Repair
- Project location
- Broward County, FL
- SBA district office
- South Florida District Office
- Congressional district
- FL-22
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Reupholstery and Furniture Repair: $1,496,333.
- 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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