Main Street Registry

CHELTENHAM to CARMEL HOLDINGS, LLC

South San Francisco, CA · Fresh Fruit and Vegetable Merchant Wholesalers · NAICS 424480

CHELTENHAM to CARMEL HOLDINGS, LLC is a business in South San Francisco, California, in the fresh fruit and vegetable merchant wholesalers industry (NAICS 424480). The company was financed with an SBA 7(a) loan for a change of ownership of $4,550,000, approved by Live Oak Banking Company on December 31, 2023.

SBA 7(a) loan, change of ownership, approved Dec 31, 2023

$4,550,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$4,550,000
SBA-guaranteed amount
$3,412,500 (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
8.95%, variable
Term
10 years (120 months)
Estimated maturity
December 31, 2033 (estimated, approval date plus term)
Estimated monthly payment
$57,514 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jan 24, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
26
Business type
Corporation
NAICS
424480, Fresh Fruit and Vegetable Merchant Wholesalers
Project location
San Mateo County, CA
SBA district office
San Francisco District Office
Congressional district
CA-14
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Average acquisition loan in Fresh Fruit and Vegetable Merchant Wholesalers: $3,882,767.
  • Average acquisition loan in California: $1,688,228.

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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Same industry in California