Trendy & Timeless, LLC
Trendy & Timeless, LLC, located in Amery, Wisconsin, is classified under the industry All Other Home Furnishings Retailers (NAICS 449129). The business was financed with an SBA 7(a) loan for a change of ownership of $980,100, approved on April 20, 2024, through Alerus Financial, National Association.
SBA 7(a) loan, change of ownership, approved Apr 20, 2024
$980,100 approvedLender: Alerus Financial, National Association25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $980,100
- SBA-guaranteed amount
- $735,075 (75% of the approval)
- Lender
- Alerus Financial, National Association, Grand Forks, ND
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- April 20, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $8,563 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 30, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 449129, All Other Home Furnishings Retailers
- Project location
- Polk County, WI
- SBA district office
- Wisconsin District Office
- Congressional district
- WI-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 38% of acquisition loans in All Other Home Furnishings Retailers on this site.
- Average acquisition loan in All Other Home Furnishings Retailers: $1,148,862.
- Average acquisition loan in Wisconsin: $1,729,230.
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.