Savo Holdings Corporation
Savo Holdings Corporation of Doral, FL operates in wood kitchen cabinet and countertop manufacturing. The company was financed with an SBA 7(a) loan for a change of ownership of $1.52 million from Pacific National Bank, with an approval date of May 21, 2025.
SBA 7(a) loan, change of ownership, approved May 21, 2025
$1,520,000 approvedLender: Pacific National Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,520,000
- SBA-guaranteed amount
- $1,140,000 (75% of the approval)
- Lender
- Pacific National Bank, Miami, FL
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- May 21, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $20,298 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 15, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 337110, Wood Kitchen Cabinet and Countertop Manufacturing
- Project location
- Miami-Dade County, FL
- SBA district office
- South Florida District Office
- Congressional district
- FL-25
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 52% of acquisition loans in Wood Kitchen Cabinet and Countertop Manufacturing on this site.
- Average acquisition loan in Wood Kitchen Cabinet and Countertop Manufacturing: $1,828,277.
- 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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- All Modern Cabinetry LLC, Riviera Beach