Main Street Registry

CA Cupcakes Palo Alto LLC

San Ramon, CA · Retail Bakeries · NAICS 311811

CA Cupcakes Palo Alto LLC, located in San Ramon, California, operates in the retail bakeries industry (NAICS 311811). The company was financed with an SBA 7(a) loan for a change of ownership of $2.9 million, approved on October 19, 2023 by BMO Bank National Association.

SBA 7(a) loan, change of ownership, approved Oct 19, 2023

$2,923,700 approvedLender: BMO Bank National Association10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,923,700
SBA-guaranteed amount
$2,192,775 (75% of the approval)
Lender
BMO Bank National Association, Chicago, IL
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9%, fixed
Term
10 years (120 months)
Estimated maturity
October 19, 2033 (estimated, approval date plus term)
Estimated monthly payment
$37,036 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Oct 30, 2023
Loan status
Status not reported (SBA exemption)
Jobs supported
41
Business type
Corporation
NAICS
311811, Retail Bakeries
Project location
Contra Costa County, CA
SBA district office
San Francisco District Office
Congressional district
CA-11
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 89% of acquisition loans in Retail Bakeries on this site.
  • Average acquisition loan in Retail Bakeries: $1,252,861.
  • Average acquisition loan in California: $1,688,228.

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 California