Frosted Sno Signal Butte LLC
Frosted Sno Signal Butte LLC, located in Mesa, Arizona, operates in the snack and nonalcoholic beverage bars industry. The business was financed with an SBA 7(a) loan for a change of ownership of $622,900, approved on January 31, 2024 by The Bancorp Bank National Association.
SBA 7(a) loan, change of ownership, approved Jan 31, 2024
$622,900 approvedLender: The Bancorp Bank National Association10 years termPaid in fullLoan details
- Gross approval
- $622,900
- SBA-guaranteed amount
- $467,175 (75% of the approval)
- Lender
- The Bancorp Bank National Association, Sioux Falls, SD
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- January 31, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $8,060 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 22, 2024
- Loan status
- Paid in full
- Jobs supported
- 22
- Business type
- Corporation
- NAICS
- 722515, Snack and Nonalcoholic Beverage Bars
- Project location
- Maricopa County, AZ
- SBA district office
- Arizona District Office
- Congressional district
- AZ-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 29% of acquisition loans in Snack and Nonalcoholic Beverage Bars on this site.
- Average acquisition loan in Snack and Nonalcoholic Beverage Bars: $1,080,276.
- Average acquisition loan in Arizona: $1,690,811.
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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