Lenarz Food Services Inc.
Lenarz Food Services Inc. is a business in North Canton, Ohio, classified under the industry All Other Specialty Food Retailers (NAICS 445298). The company was financed with an SBA 7(a) loan for a change of ownership of $526,000, approved on August 13, 2024, through Pathward National Association.
SBA 7(a) loan, change of ownership, approved Aug 13, 2024
$526,000 approvedLender: Pathward National Association25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $526,000
- SBA-guaranteed amount
- $394,500 (75% of the approval)
- Lender
- Pathward National Association, Sioux Falls, SD
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- August 13, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $5,155 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Sep 26, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 3
- Business type
- Corporation
- NAICS
- 445298, All Other Specialty Food Retailers
- Project location
- Stark County, OH
- SBA district office
- Columbus District Office
- Congressional district
- OH-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in All Other Specialty Food Retailers: $1,581,762.
- Average acquisition loan in Ohio: $1,840,340.
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 Ohio
- Tunda Inc, Youngstown