Nutmeg Gaming & Bingo Products LLC
Nutmeg Gaming & Bingo Products LLC is a wholesaler of other miscellaneous durable goods located in Bristol, CT, in the industry described as Other Miscellaneous Durable Goods Merchant Wholesalers. The company was financed with an SBA 7(a) loan for a change of ownership, approved on October 10, 2024, in the amount of $1,837,500 through First National Bank of Pennsylvania.
SBA 7(a) loan, change of ownership, approved Oct 10, 2024
$1,837,500 approvedLender: First National Bank of Pennsylvania10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,837,500
- SBA-guaranteed amount
- $1,378,125 (75% of the approval)
- Lender
- First National Bank of Pennsylvania, Greenville, PA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.06%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- October 10, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $23,336 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 21, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 423990, Other Miscellaneous Durable Goods Merchant Wholesalers
- Project location
- Naugatuck Vly County, CT
- SBA district office
- Connecticut District Office
- Congressional district
- CT-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 49% 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 Connecticut: $1,992,959.
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 Connecticut
- Whitney Supply Company, South Windsor