Living Well Design
Living Well Design is an interior design services business located in Boulder, CO, classified under NAICS code 541410. The company was financed with an SBA 7(a) loan for a change of ownership of $570,000, approved on December 6, 2023, by First Internet Bank of Indiana, with 9 jobs reported.
SBA 7(a) loan, change of ownership, approved Dec 6, 2023
$570,000 approvedLender: First Internet Bank of Indiana101 months termStatus not reported (SBA exemption)Loan details
- Gross approval
- $570,000
- SBA-guaranteed amount
- $427,500 (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
- 11.25%, variable
- Term
- 8 years, 5 months (101 months)
- Estimated maturity
- May 6, 2032 (estimated, approval date plus term)
- Estimated monthly payment
- $8,755 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 28, 2023
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 9
- Business type
- Corporation
- NAICS
- 541410, Interior Design Services
- Project location
- Boulder County, CO
- SBA district office
- Colorado District Office
- Congressional district
- CO-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 5% of acquisition loans in Interior Design Services on this site.
- Average acquisition loan in Interior Design Services: $1,398,840.
- Average acquisition loan in Colorado: $1,608,658.
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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