Saybrooke Management LLC
Saybrooke Management LLC is a business in Stoughton, MA, in the industry Other Chemical and Allied Products Merchant Wholesalers (NAICS 424690). The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $4.3 million, approved on October 12, 2024, by Live Oak Banking Company, and the SBA data lists 15 jobs supported.
SBA 7(a) loan, change of ownership, approved Oct 12, 2024
$4,300,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $4,300,000
- SBA-guaranteed amount
- $3,225,000 (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
- 8%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- October 12, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $52,171 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Oct 17, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 15
- Business type
- Corporation
- NAICS
- 424690, Other Chemical and Allied Products Merchant Wholesalers
- Project location
- Norfolk County, MA
- SBA district office
- Massachusetts District Office
- Congressional district
- MA-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 92% of acquisition loans in Other Chemical and Allied Products Merchant Wholesalers on this site.
- Average acquisition loan in Other Chemical and Allied Products Merchant Wholesalers: $1,814,154.
- 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.
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