Parkway Foods Group, LLC
Parkway Foods Group, LLC is a baked goods retailer in Huntsville, Alabama, operating as a Great Harvest franchise. The company was financed with an SBA 7(a) loan for a change of ownership of $606,000, approved on January 13, 2025 by Celtic Bank Corporation. The loan reports 17 jobs.
SBA 7(a) loan, change of ownership, approved Jan 13, 2025
$606,000 approvedLender: Celtic Bank Corporation10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $606,000
- SBA-guaranteed amount
- $454,500 (75% of the approval)
- Lender
- Celtic Bank Corporation, Salt Lake City, UT
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- January 13, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $8,092 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
- 17
- Business type
- Corporation
- NAICS
- 445291, Baked Goods Retailers
- Franchise
- Great Harvest
- Project location
- Madison County, AL
- SBA district office
- Alabama District Office
- Congressional district
- AL-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 7% of acquisition loans in Baked Goods Retailers on this site.
- Average acquisition loan in Baked Goods Retailers: $1,301,117.
- Average acquisition loan in Alabama: $1,764,717.
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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