Centre Corp Investment Company
Centre Corp Investment Company is a business in Newton Center, Massachusetts, classified under the industry All Other Miscellaneous Retailers (NAICS 459999). It was financed with an SBA 7(a) loan for a change of ownership of $893,200, approved on February 17, 2025, through the lender TowneBank.
SBA 7(a) loan, change of ownership, approved Feb 17, 2025
$893,200 approvedLender: TowneBank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $893,200
- SBA-guaranteed amount
- $669,900 (75% of the approval)
- Lender
- TowneBank, Portsmouth, VA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- February 17, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $11,928 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 19, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 459999, All Other Miscellaneous Retailers
- Project location
- Middlesex County, MA
- SBA district office
- Massachusetts District Office
- Congressional district
- MA-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 38% of acquisition loans in All Other Miscellaneous Retailers on this site.
- Average acquisition loan in All Other Miscellaneous Retailers: $1,546,818.
- Average acquisition loan in Massachusetts: $1,643,977.
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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- Robosource, LLC, Westborough