Wade's Dairy, Inc.
Wade's Dairy, Inc. is a dairy product merchant wholesaler based in Bridgeport, CT. The company was financed with an SBA 7(a) loan for a change of ownership, approved on May 23, 2025, in the amount of $1,055,000 through First Merchants Bank. The loan lists 79 jobs.
SBA 7(a) loan, change of ownership, approved May 23, 2025
$1,055,000 approvedLender: First Merchants Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,055,000
- SBA-guaranteed amount
- $791,250 (75% of the approval)
- Lender
- First Merchants Bank, Indianapolis, IN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- May 23, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $14,088 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Aug 28, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 79
- Business type
- Corporation
- NAICS
- 424430, Dairy Product (except Dried or Canned) Merchant Wholesalers
- Project location
- Greater Bridgeport County, CT
- SBA district office
- Connecticut District Office
- Congressional district
- CT-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Dairy Product (except Dried or Canned) Merchant Wholesalers: $1,055,000.
- Average acquisition loan in Connecticut: $1,992,959.
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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