Bain's Outdoor Living
Bain's Outdoor Living, located in Rumson, New Jersey, operates in the furniture retail industry (NAICS 449110). The company was financed with an SBA 7(a) loan for a change of ownership of $1.378 million, approved on November 13, 2025, through Beacon Bank and Trust, with 7 jobs reported.
SBA 7(a) loan, change of ownership, approved Nov 13, 2025
$1,378,000 approvedLender: Beacon Bank and Trust25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,378,000
- SBA-guaranteed amount
- $1,033,500 (75% of the approval)
- Lender
- Beacon Bank and Trust, Brookline, MA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- November 13, 2050 (estimated, approval date plus term)
- Estimated monthly payment
- $11,564 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 26, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 7
- Business type
- Corporation
- NAICS
- 449110, Furniture Retailers
- Project location
- Monmouth County, NJ
- SBA district office
- New Jersey District Office
- Congressional district
- NJ-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 42% of acquisition loans in Furniture Retailers on this site.
- Average acquisition loan in Furniture Retailers: $1,875,127.
- Average acquisition loan in New Jersey: $1,626,307.
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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