M&M Don Mar, LLC
M&M Don Mar, LLC, located in East Providence, RI, operates in the other miscellaneous durable goods merchant wholesalers industry (NAICS 423990). The company was financed with an SBA 7(a) loan for a change of ownership, with two loans of $500,000 and $2,560,000 approved on April 1, 2025, by Bristol County Savings Bank.
SBA 7(a) loan, change of ownership, approved Apr 1, 2025
$2,560,000 approvedLender: Bristol County Savings Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,560,000
- SBA-guaranteed amount
- $1,920,000 (75% of the approval)
- Lender
- Bristol County Savings Bank, Taunton, MA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- April 1, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $30,055 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 3, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 28
- Business type
- Corporation
- NAICS
- 423990, Other Miscellaneous Durable Goods Merchant Wholesalers
- Project location
- Providence County, RI
- SBA district office
- Rhode Island District Office
- Congressional district
- RI-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 64% of acquisition loans in Other Miscellaneous Durable Goods Merchant Wholesalers on this site.
- Average acquisition loan in Other Miscellaneous Durable Goods Merchant Wholesalers: $2,301,987.
- Average acquisition loan in Rhode Island: $1,739,073.
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.
SBA 7(a) loan, change of ownership, approved Apr 1, 2025
$500,000 approvedLender: Bristol County Savings Bank5 years termPaid in fullLoan details
- Gross approval
- $500,000
- SBA-guaranteed amount
- $375,000 (75% of the approval)
- Lender
- Bristol County Savings Bank, Taunton, MA
- Processing method
- CAPLine: revolving working capital line of credit
- Initial interest rate
- 8.5%, variable
- Term
- 5 years (60 months)
- Estimated maturity
- April 1, 2030 (estimated, approval date plus term)
- Estimated monthly payment
- $10,258 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 3, 2025
- Loan status
- Paid in full
- Jobs supported
- 28
- Business type
- Corporation
- NAICS
- 423990, Other Miscellaneous Durable Goods Merchant Wholesalers
- Project location
- Providence County, RI
- SBA district office
- Rhode Island District Office
- Congressional district
- RI-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- Yes
- Average acquisition loan in Other Miscellaneous Durable Goods Merchant Wholesalers: $2,301,987.
- Average acquisition loan in Rhode Island: $1,739,073.
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 Rhode Island
- 862 Waterman Avenue, LLC, East Providence
- Strobes N' More, LLC, Westerly