Mirabelles Bakery LLC
Mirabelles Bakery LLC is located in South Burlington, VT, and the SBA lists its industry as Retail Bakeries. It was approved for an SBA 7(a) loan of $1,110,000 for a change of ownership on July 24, 2024.
SBA 7(a) loan, change of ownership, approved Jul 24, 2024
- Gross approval
- $1,110,000
- SBA-guaranteed amount
- $832,500 (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
- 10.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- July 24, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $15,134 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Sep 13, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 20
- Business type
- Corporation
- NAICS
- 311811, Retail Bakeries
- Project location
- Chittenden County, VT
- SBA district office
- Vermont District Office
- Congressional district
- VT-00
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 61% of acquisition loans in Retail Bakeries on this site.
- Average acquisition loan in Retail Bakeries: $1,252,861.
- Average acquisition loan in Vermont: $1,727,847.
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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