Southern Outdoor Equipment Superstore
Southern Outdoor Equipment Superstore, located in Loxahatchee Groves, Florida, operates in the outdoor power equipment retail industry. The business was financed with an SBA 504 loan, which financed real estate or equipment through an SBA 504 loan with an SBA portion of $3,029,000, approved on June 11, 2024, through the Sunshine State Economic Development Corporation and First National Bank of Coffee County.
SBA 504 loan, approved Jun 11, 2024
$3,029,000 SBA portionCDC: Sunshine State Economic Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $3,029,000
- Bank portion
- $3,700,000
- Estimated project size
- $7,476,667 (estimated)
- Estimated owner equity
- $747,667 (estimated, about 10% of the project)
- Bank lender
- First National Bank of Coffee County, Douglas, GA
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- June 11, 2049 (estimated, approval date plus term)
- First disbursement
- Mar 11, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 444230, Outdoor Power Equipment Retailers
- Project location
- Palm Beach County, FL
- SBA district office
- South Florida District Office
- Congressional district
- FL-18
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Average expansion loan in Outdoor Power Equipment Retailers: $2,333,500.
- Average expansion loan in Florida: $2,058,496.
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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