Susabella, Inc.
Susabella, Inc. is located in Woodinville, WA, and the SBA lists its industry as Gift, Novelty, and Souvenir Retailers. It was approved for an SBA 7(a) loan of $1,418,500 for a change of ownership on June 20, 2024.
SBA 7(a) loan, change of ownership, approved Jun 20, 2024
- Gross approval
- $1,418,500
- SBA-guaranteed amount
- $1,063,875 (75% of the approval)
- Lender
- U.S. Bank, National Association, Cincinnati, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.59%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- June 20, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $17,656 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 5, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 459420, Gift, Novelty, and Souvenir Retailers
- Project location
- King County, WA
- SBA district office
- Seattle District Office
- Congressional district
- WA-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 68% 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 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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