The Daily Loaf, LLC
The Daily Loaf, LLC is located in Milford, MA, and the SBA lists its industry as Retail Bakeries. It was approved for an SBA 7(a) loan of $998,000 for a change of ownership on January 8, 2025.
SBA 7(a) loan, change of ownership, approved Jan 8, 2025
- Gross approval
- $998,000
- SBA-guaranteed amount
- $748,500 (75% of the approval)
- Lender
- T Bank, National Association, Dallas, TX
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- January 8, 2050 (estimated, approval date plus term)
- Estimated monthly payment
- $8,375 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 3, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 15
- Business type
- Corporation
- NAICS
- 311811, Retail Bakeries
- Project location
- Worcester County, MA
- SBA district office
- Massachusetts District Office
- Congressional district
- MA-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 56% of acquisition loans in Retail Bakeries on this site.
- Average acquisition loan in Retail Bakeries: $1,252,861.
- 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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Same industry in Massachusetts
- Golden Cannoli Shells Co., Inc., Newburyport