Volo Artem LLC
Volo Artem LLC is located in Shipshewana, Indiana, and operates in toy and hobby goods and supplies merchant wholesaling (NAICS 423920). The company was financed with an SBA 7(a) loan for a change of ownership totaling $3,147,000, approved on December 21, 2023 by Beacon Bank and Trust.
SBA 7(a) loan, change of ownership, approved Dec 21, 2023
$3,147,000 approvedLender: Beacon Bank and Trust10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $3,147,000
- SBA-guaranteed amount
- $2,360,250 (75% of the approval)
- Lender
- Beacon Bank and Trust, Brookline, MA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- December 21, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $43,350 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 8, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 33
- Business type
- Corporation
- NAICS
- 423920, Toy and Hobby Goods and Supplies Merchant Wholesalers
- Project location
- Lagrange County, IN
- SBA district office
- Indiana District Office
- Congressional district
- IN-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Toy and Hobby Goods and Supplies Merchant Wholesalers: $1,836,125.
- Average acquisition loan in Indiana: $1,995,900.
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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