Bayou Crafting Company
Bayou Crafting Company, located in Lafayette, LA, operates in the Hobby, Toy, and Game Retailers industry. The company was financed with an SBA 7(a) loan for a change of ownership of $1.635 million, approved on September 13, 2024, by Live Oak Banking Company.
SBA 7(a) loan, change of ownership, approved Sep 13, 2024
$1,635,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,635,000
- SBA-guaranteed amount
- $1,226,250 (75% of the approval)
- Lender
- Live Oak Banking Company, Wilmington, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- September 13, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $22,062 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Sep 24, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 15
- Business type
- Corporation
- NAICS
- 459120, Hobby, Toy, and Game Retailers
- Project location
- Lafayette County, LA
- SBA district office
- Louisiana District Office
- Congressional district
- LA-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 79% of acquisition loans in Hobby, Toy, and Game Retailers on this site.
- Average acquisition loan in Hobby, Toy, and Game Retailers: $1,090,500.
- Average acquisition loan in Louisiana: $1,702,056.
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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