Main Street Registry

Underwater Mechanix Services LLC

Jacksonville, FL · Other Heavy and Civil Engineering Construction · NAICS 237990

Underwater Mechanix Services LLC is a business in Jacksonville, Florida, in the Other Heavy and Civil Engineering Construction industry (NAICS 237990). The company financed real estate or equipment through an SBA 504 loan of $1,327,000, approved on February 27, 2024, with Community First CU of Florida as the lender and Florida First Capital Finance Corporation, Inc. as the certified development company.

SBA 504 loan, approved Feb 27, 2024

$1,327,000 SBA portionCDC: Florida First Capital Finance Corporation, Inc.25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,327,000
Bank portion
$1,295,000
Estimated project size
$2,913,333 (estimated)
Estimated owner equity
$291,333 (estimated, about 10% of the project)
Bank lender
Community First CU of Florida, Jacksonville, FL
CDC
Florida First Capital Finance Corporation, Inc.
Processing method
504 Refinancing: refinances existing business debt
Term
25 years (300 months)
Estimated maturity
February 27, 2049 (estimated, approval date plus term)
First disbursement
Jun 12, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
60
Business type
Corporation
NAICS
237990, Other Heavy and Civil Engineering Construction
Project location
Duval County, FL
SBA district office
North Florida District Office
Congressional district
FL-1
Collateral
Yes

Estimated share of project by source

Bank 44% SBA (CDC) 46% Owner 10%

  • Larger than 57% of expansion loans in Other Heavy and Civil Engineering Construction on this site.
  • Average expansion loan in Other Heavy and Civil Engineering Construction: $1,546,571.
  • 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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Same industry in Florida