Scooter's Coffee
Scooter's Coffee is located in Orlando, FL, and the SBA lists its industry as Snack and Nonalcoholic Beverage Bars. It was approved for an SBA 7(a) loan of $1,449,000 for a change of ownership on September 6, 2024.
SBA 7(a) loan, change of ownership, approved Sep 6, 2024
- Gross approval
- $1,449,000
- SBA-guaranteed amount
- $1,086,750 (75% of the approval)
- Lender
- OptimumBank, Fort Lauderdale, FL
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 11.25%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- September 6, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $14,464 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 23, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 25
- Business type
- Corporation
- NAICS
- 722515, Snack and Nonalcoholic Beverage Bars
- Franchise
- Scooter's Coffee
- Project location
- Orange County, FL
- SBA district office
- North Florida District Office
- Congressional district
- FL-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 84% of acquisition loans in Snack and Nonalcoholic Beverage Bars on this site.
- Average acquisition loan in Snack and Nonalcoholic Beverage Bars: $1,080,276.
- 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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