Midwest Bakeshop LLC
Midwest Bakeshop LLC, located in Overland Park, Kansas, operates in the baked goods retail industry (NAICS 445291). The company was financed with an SBA 7(a) loan for a change of ownership of $676,400, approved on December 21, 2023, through CommunityAmerica Federal Credit Union. The loan reports 11 jobs.
SBA 7(a) loan, change of ownership, approved Dec 21, 2023
$676,400 approvedLender: CommunityAmerica Federal Credit Union10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $676,400
- SBA-guaranteed amount
- $507,300 (75% of the approval)
- Lender
- CommunityAmerica Federal Credit Union, Lenexa, KS
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 8.99%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- December 21, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $8,565 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 8, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 11
- Business type
- Corporation
- NAICS
- 445291, Baked Goods Retailers
- Project location
- Johnson County, KS
- SBA district office
- Kansas City District Office
- Congressional district
- KS-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 17% of acquisition loans in Baked Goods Retailers on this site.
- Average acquisition loan in Baked Goods Retailers: $1,301,117.
- Average acquisition loan in Kansas: $1,491,022.
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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