Red Barn Market & Nursery
Red Barn Market & Nursery is a fruit and vegetable retail business located in Puyallup, WA, in the fruit and vegetable retailers industry. It was financed with an SBA 7(a) loan for a change of ownership of $1,165,000, approved on June 2, 2025 by First Bank of the Lake.
SBA 7(a) loan, change of ownership, approved Jun 2, 2025
$1,165,000 approvedLender: First Bank of the Lake25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,165,000
- SBA-guaranteed amount
- $873,750 (75% of the approval)
- Lender
- First Bank of the Lake, Osage Beach, MO
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- June 2, 2050 (estimated, approval date plus term)
- Estimated monthly payment
- $10,179 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 17, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 13
- Business type
- Corporation
- NAICS
- 445230, Fruit and Vegetable Retailers
- Project location
- Pierce County, WA
- SBA district office
- Seattle District Office
- Congressional district
- WA-08
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Fruit and Vegetable Retailers: $1,477,500.
- Average acquisition loan in Washington: $1,784,595.
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 Washington
- Evergreen Farm Markets LLC, Port Orchard