Benjamin's Bakery
Benjamin's Bakery is located in Surfside, SC, and the SBA lists its industry as Retail Bakeries. It was approved for an SBA 7(a) loan of $2,475,000 for a change of ownership on April 2, 2025.
SBA 7(a) loan, change of ownership, approved Apr 2, 2025
- Gross approval
- $2,475,000
- SBA-guaranteed amount
- $1,856,250 (75% of the approval)
- Lender
- United Community Bank, Greenville, SC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9%, variable
- Term
- 14 years, 6 months (174 months)
- Estimated maturity
- October 2, 2039 (estimated, approval date plus term)
- Estimated monthly payment
- $25,515 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 4, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 29
- Business type
- Corporation
- NAICS
- 311811, Retail Bakeries
- Project location
- Horry County, SC
- SBA district office
- South Carolina District Office
- Congressional district
- SC-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 78% of acquisition loans in Retail Bakeries on this site.
- Average acquisition loan in Retail Bakeries: $1,252,861.
- Average acquisition loan in South Carolina: $1,827,509.
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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