Main Street Registry

Palm Printing/Printers Ink, Corp.

Fort Myers, FL · Commercial Printing (except Screen and Books) · NAICS 323111

Palm Printing/Printers Ink, Corp. is a commercial printing business located in Fort Myers, Florida, classified under the industry of commercial printing (except screen and books). The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $2.6 million, approved on February 17, 2024 by Gulf Coast Business Bank.

SBA 7(a) loan, change of ownership, approved Feb 17, 2024

Gross approval
$2,600,000
SBA-guaranteed amount
$1,950,000 (75% of the approval)
Lender
Gulf Coast Business Bank, Fort Myers, FL
Processing method
Standard 7(a): the lender submits the application for SBA review
Initial interest rate
10%, variable
Term
10 years (120 months)
Estimated maturity
February 17, 2034 (estimated, approval date plus term)
Estimated monthly payment
$34,359 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Mar 28, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
20
Business type
Corporation
NAICS
323111, Commercial Printing (except Screen and Books)
Project location
Lee County, FL
SBA district office
South Florida District Office
Congressional district
FL-17
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)

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