Cram Lewis Center LLC
Cram Lewis Center LLC is a pet care services business (except veterinary services) located in Lewis Center, Ohio, and is listed as a Camp Run-A-Mutt franchise. The company was financed with an SBA 7(a) loan for a change of ownership of $1,093,000, approved on February 24, 2024, through North State Bank.
SBA 7(a) loan, change of ownership, approved Feb 24, 2024
$1,093,000 approvedLender: North State Bank25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,093,000
- SBA-guaranteed amount
- $819,750 (75% of the approval)
- Lender
- North State Bank, Raleigh, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.75%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- February 24, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $9,740 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 1, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 812910, Pet Care (except Veterinary) Services
- Franchise
- Camp Run-A-Mutt
- Project location
- Delaware County, OH
- SBA district office
- Columbus District Office
- Congressional district
- OH-12
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 56% of acquisition loans in Pet Care (except Veterinary) Services on this site.
- Average acquisition loan in Pet Care (except Veterinary) Services: $1,325,264.
- Average acquisition loan in Ohio: $1,840,340.
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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