Main Street Registry

Social Red Business Solutions Inc.

Lady Lake, FL · Private Mail Centers · NAICS 561431

Social Red Business Solutions Inc. is a private mail center located in Lady Lake, Florida, and is a franchise of The UPS Store. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $827,000, approved by The Huntington National Bank on August 7, 2024.

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

$827,000 approvedLender: The Huntington National Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$827,000
SBA-guaranteed amount
$620,250 (75% of the approval)
Lender
The Huntington National Bank, Columbus, OH
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
11%, variable
Term
10 years (120 months)
Estimated maturity
August 7, 2034 (estimated, approval date plus term)
Estimated monthly payment
$11,392 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Sep 23, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
11
Business type
Corporation
NAICS
561431, Private Mail Centers
Franchise
The UPS Store
Project location
Sumter County, FL
SBA district office
North Florida District Office
Congressional district
FL-11
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 60% of acquisition loans in Private Mail Centers on this site.
  • Average acquisition loan in Private Mail Centers: $940,205.
  • 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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