OCW Vineland Outlet LLC
OCW Vineland Outlet LLC is located in Orlando, FL, and the SBA lists its industry as Drinking Places (Alcoholic Beverages). It was approved for an SBA 7(a) loan of $576,400 for a change of ownership on December 23, 2024.
SBA 7(a) loan, change of ownership, approved Dec 23, 2024
- Gross approval
- $576,400
- SBA-guaranteed amount
- $432,300 (75% of the approval)
- Lender
- The Bancorp Bank National Association, Sioux Falls, SD
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- December 23, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $7,224 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 19, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 722410, Drinking Places (Alcoholic Beverages)
- Project location
- Orange County, FL
- SBA district office
- North Florida District Office
- Congressional district
- FL-09
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 14% of acquisition loans in Drinking Places (Alcoholic Beverages) on this site.
- Average acquisition loan in Drinking Places (Alcoholic Beverages): $1,078,366.
- 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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