Comfort Felt and Foam LLC
Comfort Felt and Foam LLC is a wholesaler in Kansas City, Missouri, in the piece goods, notions, and other dry goods merchant wholesalers industry (NAICS 424310). The company was financed with an SBA 7(a) loan for a change of ownership totaling $760,000, approved on May 9, 2024, through Academy Bank National Association.
SBA 7(a) loan, change of ownership, approved May 9, 2024
$760,000 approvedLender: Academy Bank National Association10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $760,000
- SBA-guaranteed amount
- $570,000 (75% of the approval)
- Lender
- Academy Bank National Association, Kansas City, MO
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 10%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- May 9, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $10,043 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 30, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 424310, Piece Goods, Notions, and Other Dry Goods Merchant Wholesalers
- Project location
- Jackson County, MO
- SBA district office
- Kansas City District Office
- Congressional district
- MO-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Piece Goods, Notions, and Other Dry Goods Merchant Wholesalers: $2,282,229.
- Average acquisition loan in Missouri: $1,584,414.
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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