Aardvark Sports Shop, Inc.
Aardvark Sports Shop, Inc. is a shoe retail business in Bethlehem, Pennsylvania, classified under NAICS 458210 (Shoe Retailers). The company was financed with an SBA 7(a) loan for a change of ownership of $650,000, approved on February 18, 2025, by Fidelity Deposit and Discount Bank.
SBA 7(a) loan, change of ownership, approved Feb 18, 2025
$650,000 approvedLender: Fidelity Deposit and Discount Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $650,000
- SBA-guaranteed amount
- $487,500 (75% of the approval)
- Lender
- Fidelity Deposit and Discount Bank, Dunmore, PA
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 7.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- February 18, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $7,716 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 28, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 31
- Business type
- Corporation
- NAICS
- 458210, Shoe Retailers
- Project location
- Northampton County, PA
- SBA district office
- Philadelphia District Office
- Congressional district
- PA-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 21% of acquisition loans in Shoe Retailers on this site.
- Average acquisition loan in Shoe Retailers: $1,132,514.
- Average acquisition loan in Pennsylvania: $1,636,965.
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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