Samana Food Company
Samana Food Company, located in Duxbury, Massachusetts, operates in the baked goods retailers industry (NAICS 445291). The business was financed with an SBA 7(a) loan for a change of ownership, in the amount of $1,365,000, approved on August 16, 2024, through Live Oak Banking Company.
SBA 7(a) loan, change of ownership, approved Aug 16, 2024
$1,365,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,365,000
- SBA-guaranteed amount
- $1,023,750 (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
- 10.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- August 16, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $18,228 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Aug 28, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 11
- Business type
- Corporation
- NAICS
- 445291, Baked Goods Retailers
- Project location
- Plymouth County, MA
- SBA district office
- Massachusetts District Office
- Congressional district
- MA-09
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 55% of acquisition loans in Baked Goods Retailers on this site.
- Average acquisition loan in Baked Goods Retailers: $1,301,117.
- Average acquisition loan in Massachusetts: $1,643,977.
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.
Is this your company? Claim or correct this listing. See Corrections.
Same industry in Massachusetts
- KJs Caffe Peabody LLC, Peabody