Starblaze 3 Enterprises
Starblaze 3 Enterprises is a gift, novelty, and souvenir retailer located in Santa Fe, New Mexico. The business was financed with an SBA 7(a) loan for a change of ownership totaling $1,265,800, approved by Century Bank on December 13, 2024.
SBA 7(a) loan, change of ownership, approved Dec 13, 2024
$1,265,800 approvedLender: Century Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,265,800
- SBA-guaranteed amount
- $949,350 (75% of the approval)
- Lender
- Century Bank, Santa Fe, NM
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 8%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- December 13, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $15,358 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 30, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 459420, Gift, Novelty, and Souvenir Retailers
- Project location
- Santa Fe County, NM
- SBA district office
- New Mexico District Office
- Congressional district
- NM-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 50% of acquisition loans in Gift, Novelty, and Souvenir Retailers on this site.
- Average acquisition loan in Gift, Novelty, and Souvenir Retailers: $1,214,814.
- Average acquisition loan in New Mexico: $1,985,089.
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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