Happy Newton Eyes LLC
Happy Newton Eyes LLC, located in Newton Upper Falls, MA, operates in the offices of optometrists industry (NAICS 621320) and is listed as a Pearle Vision franchise. The business was financed with an SBA 7(a) loan for a change of ownership of $1,000,000, approved by Citizens Bank, National Association on February 12, 2025.
SBA 7(a) loan, change of ownership, approved Feb 12, 2025
$1,000,000 approvedLender: Citizens Bank, National Association10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,000,000
- SBA-guaranteed amount
- $750,000 (75% of the approval)
- Lender
- Citizens Bank, National Association, Providence, RI
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- February 12, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $13,493 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 2, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 621320, Offices of Optometrists
- Franchise
- Pearle Vision
- Project location
- Middlesex County, MA
- SBA district office
- Massachusetts District Office
- Congressional district
- MA-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 36% of acquisition loans in Offices of Optometrists on this site.
- Average acquisition loan in Offices of Optometrists: $1,172,145.
- 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
- 2632 Boston Road, LLC, Wilbraham