Main Street Registry

The Special Event Resource and Design Group Inc

West Palm Beach, FL · All Other Personal Services · NAICS 812990

The Special Event Resource and Design Group Inc is a business in West Palm Beach, Florida, in the All Other Personal Services industry (NAICS 812990). It was financed with an SBA 7(a) loan for a change of ownership of $1,429,000, approved on December 1, 2023, by First Internet Bank of Indiana.

SBA 7(a) loan, change of ownership, approved Dec 1, 2023

$1,429,000 approvedLender: First Internet Bank of Indiana10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,429,000
SBA-guaranteed amount
$1,071,750 (75% of the approval)
Lender
First Internet Bank of Indiana, Fishers, IN
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
11%, variable
Term
10 years (120 months)
Estimated maturity
December 1, 2033 (estimated, approval date plus term)
Estimated monthly payment
$19,684 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Feb 1, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
7
Business type
Corporation
NAICS
812990, All Other Personal Services
Project location
Palm Beach County, FL
SBA district office
South Florida District Office
Congressional district
FL-18
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 56% of acquisition loans in All Other Personal Services on this site.
  • Average acquisition loan in All Other Personal Services: $1,504,156.
  • 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