House of Drapery & Blinds
House of Drapery & Blinds is a window treatment retailer in Salt Lake City, Utah, classified under NAICS 449122 (Window Treatment Retailers). The business was financed with an SBA 7(a) loan for a change of ownership of $2,667,000, approved on October 19, 2024 by First Internet Bank of Indiana.
SBA 7(a) loan, change of ownership, approved Oct 19, 2024
$2,667,000 approvedLender: First Internet Bank of Indiana10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,667,000
- SBA-guaranteed amount
- $2,000,250 (75% of the approval)
- Lender
- First Internet Bank of Indiana, Fishers, IN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- October 19, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $36,362 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Oct 31, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 449122, Window Treatment Retailers
- Project location
- Salt Lake County, UT
- SBA district office
- Utah District Office
- Congressional district
- UT-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 79% of acquisition loans in Window Treatment Retailers on this site.
- Average acquisition loan in Window Treatment Retailers: $1,319,650.
- Average acquisition loan in Utah: $1,761,092.
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 Utah
- JSH Ventures, LLC, St. George