Dogs Have Fun Inc.
Dogs Have Fun Inc. is a pet care services business located in Bound Brook, New Jersey, in the pet care (except veterinary) services industry. The company was financed with an SBA 7(a) loan for a change of ownership of $1,918,000, approved on January 21, 2024 by The Huntington National Bank. The business operates as a Camp Bow Wow franchise.
SBA 7(a) loan, change of ownership, approved Jan 21, 2024
$1,918,000 approvedLender: The Huntington National Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,918,000
- SBA-guaranteed amount
- $1,438,500 (75% of the approval)
- Lender
- The Huntington National Bank, Columbus, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- January 21, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $25,082 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 28, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 54
- Business type
- Corporation
- NAICS
- 812910, Pet Care (except Veterinary) Services
- Franchise
- Camp Bow Wow
- Project location
- Somerset County, NJ
- SBA district office
- New Jersey District Office
- Congressional district
- NJ-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 80% 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 New Jersey: $1,626,307.
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 New Jersey
- House of Dog Retreat & Spa LLC, Bridgeton