Foggy Bottom Ventures, LLC
Foggy Bottom Ventures, LLC is a carpet and upholstery cleaning services business located in Huntingdon Valley, Pennsylvania. It was financed with an SBA 7(a) loan for a change of ownership of $550,000, approved by Firstrust Savings Bank on June 5, 2026.
SBA 7(a) loan, change of ownership, approved Jun 5, 2026
$550,000 approvedLender: Firstrust Savings Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $550,000
- SBA-guaranteed amount
- $412,500 (75% of the approval)
- Lender
- Firstrust Savings Bank, Conshohocken, PA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- June 5, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $6,967 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 25, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 561740, Carpet and Upholstery Cleaning Services
- Project location
- Bucks County, PA
- SBA district office
- Philadelphia District Office
- Congressional district
- PA-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Carpet and Upholstery Cleaning Services: $1,284,287.
- Average acquisition loan in Pennsylvania: $1,636,965.
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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