Sea Breeze International Inc
Sea Breeze International Inc, located in Sarasota, FL, operates in the other grocery and related products merchant wholesalers industry. The company was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $1.26 million approved on April 2, 2025 through Meridian Bank.
SBA 7(a) loan, change of ownership, approved Apr 2, 2025
$1,260,000 approvedLender: Meridian Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,260,000
- SBA-guaranteed amount
- $945,000 (75% of the approval)
- Lender
- Meridian Bank, Malvern, PA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- April 2, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $16,477 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 21, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 424490, Other Grocery and Related Products Merchant Wholesalers
- Project location
- Manatee County, FL
- SBA district office
- South Florida District Office
- Congressional district
- FL-16
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 36% of acquisition loans in Other Grocery and Related Products Merchant Wholesalers on this site.
- Average acquisition loan in Other Grocery and Related Products Merchant Wholesalers: $2,369,093.
- 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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Same industry in Florida
- NC Fresh, Opa Locka