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STR8 Spine Holdings LLC

Boca Raton, FL · Offices of Chiropractors · NAICS 621310

STR8 Spine Holdings LLC, located in Boca Raton, Florida, operates in the offices of chiropractors industry (NAICS 621310). The company was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $940,000 approved on February 10, 2024, through The Huntington National Bank.

SBA 7(a) loan, change of ownership, approved Feb 10, 2024

$940,000 approvedLender: The Huntington National Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$940,000
SBA-guaranteed amount
$705,000 (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
8.99%, fixed
Term
25 years (300 months)
Estimated maturity
February 10, 2049 (estimated, approval date plus term)
Estimated monthly payment
$7,882 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Feb 16, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
4
Business type
Corporation
NAICS
621310, Offices of Chiropractors
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
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 61% of acquisition loans in Offices of Chiropractors on this site.
  • Average acquisition loan in Offices of Chiropractors: $1,068,282.
  • 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