Sweet and Tarte Inc
Sweet and Tarte Inc is a baked goods retailer in Ridgewood, New Jersey, classified under the NAICS code for baked goods retailers. The business was financed with an SBA 7(a) loan for a change of ownership, in the amount of $2,118,000, approved on September 8, 2025, by Live Oak Banking Company.
SBA 7(a) loan, change of ownership, approved Sep 8, 2025
$2,118,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,118,000
- SBA-guaranteed amount
- $1,588,500 (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
- 8.95%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- September 8, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $26,773 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Sep 23, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 58
- Business type
- Corporation
- NAICS
- 445291, Baked Goods Retailers
- Project location
- Bergen County, NJ
- SBA district office
- New Jersey District Office
- Congressional district
- NJ-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 86% of acquisition loans in Baked Goods Retailers on this site.
- Average acquisition loan in Baked Goods Retailers: $1,301,117.
- Average acquisition loan in New Jersey: $1,626,307.
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 New Jersey
- PRD Bagels LLC, Manahawkin