Park & Fin LLC
Park & Fin LLC is located in Jacksonville, FL, and the SBA lists its industry as Residential Remodelers. It was approved for an SBA 7(a) loan of $1,444,000 for a change of ownership on July 31, 2024.
SBA 7(a) loan, change of ownership, approved Jul 31, 2024
- Gross approval
- $1,444,000
- SBA-guaranteed amount
- $1,083,000 (75% of the approval)
- Lender
- American Momentum Bank, College Station, TX
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- July 31, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $18,685 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Aug 14, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 236118, Residential Remodelers
- Project location
- Duval County, FL
- SBA district office
- North Florida District Office
- Congressional district
- FL-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 55% of acquisition loans in Residential Remodelers on this site.
- Average acquisition loan in Residential Remodelers: $1,623,835.
- 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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