A & R Bakery LLC
A & R Bakery LLC is a food service contractor located in Middletown, Delaware, classified under NAICS code 722310. The company was financed with an SBA 7(a) loan for a change of ownership totaling $500,000, approved on May 1, 2024 by Univest Bank and Trust Co.
SBA 7(a) loan, change of ownership, approved May 1, 2024
$500,000 approvedLender: Univest Bank and Trust Co10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $500,000
- SBA-guaranteed amount
- $375,000 (75% of the approval)
- Lender
- Univest Bank and Trust Co, Souderton, PA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- May 1, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $7,030 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 21, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 12
- Business type
- Corporation
- NAICS
- 722310, Food Service Contractors
- Project location
- Lancaster County, PA
- SBA district office
- Philadelphia District Office
- Congressional district
- PA-11
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Food Service Contractors: $1,394,322.
- Average acquisition loan in Delaware: $1,875,271.
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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