Natural Products Distributor, Inc.
Natural Products Distributor, Inc. is a business located in Waukesha, Wisconsin, in the Other Miscellaneous Nondurable Goods Merchant Wholesalers industry. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $2,350,000, approved on June 28, 2024, through Live Oak Banking Company.
SBA 7(a) loan, change of ownership, approved Jun 28, 2024
$2,350,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,350,000
- SBA-guaranteed amount
- $1,762,500 (75% of the approval)
- Lender
- Live Oak Banking Company, Wilmington, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- June 28, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $31,710 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Aug 27, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 20
- Business type
- Corporation
- NAICS
- 424990, Other Miscellaneous Nondurable Goods Merchant Wholesalers
- Project location
- Waukesha County, WI
- SBA district office
- Wisconsin District Office
- Congressional district
- WI-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 63% of acquisition loans in Other Miscellaneous Nondurable Goods Merchant Wholesalers on this site.
- Average acquisition loan in Other Miscellaneous Nondurable Goods Merchant Wholesalers: $2,103,574.
- Average acquisition loan in Wisconsin: $1,729,230.
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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