Plum Beach Partners LLC
Plum Beach Partners LLC is located in North Kingstown, RI, and the SBA lists its industry as All Other Personal Services. It was approved for an SBA 7(a) loan of $2,600,000 for a change of ownership on January 7, 2026.
SBA 7(a) loan, change of ownership, approved Jan 7, 2026
- Gross approval
- $2,600,000
- SBA-guaranteed amount
- $1,950,000 (75% of the approval)
- Lender
- Santander Bank, National Association, Wilmington, DE
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 6.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- January 7, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $29,522 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 12, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 12
- Business type
- Corporation
- NAICS
- 812990, All Other Personal Services
- Franchise
- System4
- Project location
- Washington County, RI
- SBA district office
- Rhode Island District Office
- Congressional district
- RI-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 89% of acquisition loans in All Other Personal Services on this site.
- Average acquisition loan in All Other Personal Services: $1,504,156.
- Average acquisition loan in Rhode Island: $1,739,073.
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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