BDE Bethel LLC
BDE Bethel LLC is located in Bethel, CT, and the SBA lists its industry as Outdoor Power Equipment Retailers. It was approved for an SBA 7(a) loan of $1,987,500 for a change of ownership on March 12, 2024.
SBA 7(a) loan, change of ownership, approved Mar 12, 2024
- Gross approval
- $1,987,500
- SBA-guaranteed amount
- $1,490,625 (75% of the approval)
- Lender
- Manufacturers and Traders Trust Company, Buffalo, NY
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- March 12, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $27,378 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 29, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 26
- Business type
- Corporation
- NAICS
- 444230, Outdoor Power Equipment Retailers
- Project location
- Western Ct County, CT
- SBA district office
- Connecticut District Office
- Congressional district
- CT-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 74% of acquisition loans in Outdoor Power Equipment Retailers on this site.
- Average acquisition loan in Outdoor Power Equipment Retailers: $1,637,484.
- Average acquisition loan in Connecticut: $1,992,959.
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.
Is this your company? Claim or correct this listing. See Corrections.