Art and Soles, LLC
Art and Soles, LLC, located in La Pointe, Wisconsin, operates in the fine arts schools industry (NAICS 611610). The business was financed with an SBA 7(a) loan for a change of ownership totaling $1,960,000, approved on September 24, 2026, by The Huntington National Bank.
SBA 7(a) loan, change of ownership, approved Sep 24, 2026
$1,960,000 approvedLender: The Huntington National Bank10 years termCommitted, not fully disbursedLoan details
- Gross approval
- $1,960,000
- SBA-guaranteed amount
- $1,470,000 (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
- 8.25%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- September 24, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $24,040 Estimated payment at the initial rate over the full term; actual terms vary.
- Loan status
- Committed, not fully disbursed
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 611610, Fine Arts Schools
- Project location
- Ashland County, WI
- SBA district office
- Wisconsin District Office
- Congressional district
- WI-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 80% of acquisition loans in Fine Arts Schools on this site.
- Average acquisition loan in Fine Arts Schools: $1,256,650.
- Average acquisition loan in Wisconsin: $1,729,230.
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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