Mariettas Quilt & Craft LLC
Mariettas Quilt & Craft LLC, located in Simpsonville, South Carolina, operates in the sewing, needlework, and piece goods retail industry (NAICS 459130). The business was financed with an SBA 7(a) loan for a change of ownership of $1,380,000, approved by TD Bank, National Association on September 24, 2024.
SBA 7(a) loan, change of ownership, approved Sep 24, 2024
$1,380,000 approvedLender: TD Bank, National Association25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,380,000
- SBA-guaranteed amount
- $1,035,000 (75% of the approval)
- Lender
- TD Bank, National Association, Wilmington, DE
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.25%, fixed
- Term
- 25 years (300 months)
- Estimated maturity
- September 24, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $9,975 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 17, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 459130, Sewing, Needlework, and Piece Goods Retailers
- Project location
- Greenville County, SC
- SBA district office
- South Carolina District Office
- Congressional district
- SC-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 70% of acquisition loans in Sewing, Needlework, and Piece Goods Retailers on this site.
- Average acquisition loan in Sewing, Needlework, and Piece Goods Retailers: $970,240.
- Average acquisition loan in South Carolina: $1,827,509.
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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