Main Street Registry

Twistee Treat Of Clermont LLC

Clermont, FL · Limited-Service Restaurants · NAICS 722513

Twistee Treat Of Clermont LLC is a limited-service restaurant located in Clermont, Florida, in the Limited-Service Restaurants industry. The company was financed with an SBA 7(a) loan for a change of ownership, approved on January 25, 2024, in the amount of $846,000 through Gulf Coast Bank and Trust Company.

SBA 7(a) loan, change of ownership, approved Jan 25, 2024

$846,000 approvedLender: Gulf Coast Bank and Trust Company25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$846,000
SBA-guaranteed amount
$634,500 (75% of the approval)
Lender
Gulf Coast Bank and Trust Company, New Orleans, LA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
11%, variable
Term
25 years (300 months)
Estimated maturity
January 25, 2049 (estimated, approval date plus term)
Estimated monthly payment
$8,292 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Feb 7, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
4
Business type
Corporation
NAICS
722513, Limited-Service Restaurants
Project location
Lake 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 40% of acquisition loans in Limited-Service Restaurants on this site.
  • Average acquisition loan in Limited-Service Restaurants: $1,303,660.
  • 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