Main Street Registry

Patty's Cakes and Desserts

Fullerton, CA · Baked Goods Retailers · NAICS 445291

Patty's Cakes and Desserts is a baked goods retailer in Fullerton, CA, classified under the industry description Baked Goods Retailers (NAICS 445291). The business was financed with an SBA 7(a) loan for a change of ownership, in an amount of $950,000, with Live Oak Banking Company as the lender and an approval date of April 23, 2025.

SBA 7(a) loan, change of ownership, approved Apr 23, 2025

$950,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$950,000
SBA-guaranteed amount
$712,500 (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
9%, variable
Term
10 years (120 months)
Estimated maturity
April 23, 2035 (estimated, approval date plus term)
Estimated monthly payment
$12,034 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
May 2, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
27
Business type
Corporation
NAICS
445291, Baked Goods Retailers
Project location
Orange County, CA
SBA district office
Santa Ana District Office
Congressional district
CA-39
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 38% of acquisition loans in Baked Goods Retailers on this site.
  • Average acquisition loan in Baked Goods Retailers: $1,301,117.
  • Average acquisition loan in California: $1,688,228.

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 California