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Peter the Great II LLC

Hollywood, FL · Assisted Living Facilities for the Elderly · NAICS 623312

Peter the Great II LLC is an assisted living facility for the elderly located in Hollywood, Florida, classified under NAICS code 623312. The company was financed with an SBA 7(a) loan for a change of ownership totaling $2.5 million, approved on September 15, 2025, through Hanover Community Bank. The loan reports 8 jobs.

SBA 7(a) loan, change of ownership, approved Sep 15, 2025

Gross approval
$2,500,000
SBA-guaranteed amount
$1,875,000 (75% of the approval)
Lender
Hanover Community Bank, Mineola, NY
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10%, variable
Term
25 years (300 months)
Estimated maturity
September 15, 2050 (estimated, approval date plus term)
Estimated monthly payment
$22,718 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Oct 29, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
8
Business type
Corporation
NAICS
623312, Assisted Living Facilities for the Elderly
Project location
Broward County, FL
SBA district office
South Florida District Office
Congressional district
FL-23
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
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