Barley Sheaf Sweat, LLC
Barley Sheaf Sweat, LLC is a bed-and-breakfast inn located in Holicong, Pennsylvania, in the Bed-and-Breakfast Inns industry (NAICS 721191). The company was financed with an SBA 7(a) loan for a change of ownership totaling $5 million, approved by Beacon Bank and Trust on September 9, 2024.
SBA 7(a) loan, change of ownership, approved Sep 9, 2024
$5,000,000 approvedLender: Beacon Bank and Trust25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $5,000,000
- SBA-guaranteed amount
- $3,750,000 (75% of the approval)
- Lender
- Beacon Bank and Trust, Brookline, MA
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 10.25%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- September 9, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $46,319 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Sep 26, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 28
- Business type
- Corporation
- NAICS
- 721191, Bed-and-Breakfast Inns
- Project location
- Bucks County, PA
- SBA district office
- Philadelphia District Office
- Congressional district
- PA-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 80% of acquisition loans in Bed-and-Breakfast Inns on this site.
- Average acquisition loan in Bed-and-Breakfast Inns: $2,626,570.
- Average acquisition loan in Pennsylvania: $1,636,965.
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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