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Shade Boss of Florida LLC

Boca Raton, FL · Other Foundation, Structure, and Building Exterior Contractors · NAICS 238190

Shade Boss of Florida LLC is an exterior building contractor in Boca Raton, Florida, in the NAICS category for other foundation, structure, and building exterior contractors. The company was financed with an SBA 7(a) loan for a change of ownership of $1,250,000, approved on April 29, 2024, by Paradise Bank.

SBA 7(a) loan, change of ownership, approved Apr 29, 2024

$1,250,000 approvedLender: Paradise Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,250,000
SBA-guaranteed amount
$937,500 (75% of the approval)
Lender
Paradise Bank, Boca Raton, FL
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
11%, variable
Term
10 years (120 months)
Estimated maturity
April 29, 2034 (estimated, approval date plus term)
Estimated monthly payment
$17,219 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
May 20, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
2
Business type
Corporation
NAICS
238190, Other Foundation, Structure, and Building Exterior Contractors
Project location
Palm Beach County, FL
SBA district office
South Florida District Office
Congressional district
FL-21
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 43% of acquisition loans in Other Foundation, Structure, and Building Exterior Contractors on this site.
  • Average acquisition loan in Other Foundation, Structure, and Building Exterior Contractors: $1,808,077.
  • 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