Creekside Pet Boarding
Creekside Pet Boarding is located in Arroyo Grande, CA, and the SBA lists its industry as Pet Care (except Veterinary) Services. It was approved for an SBA 7(a) loan of $1,900,000 for a change of ownership on November 4, 2024.
SBA 7(a) loan, change of ownership, approved Nov 4, 2024
- Gross approval
- $1,900,000
- SBA-guaranteed amount
- $1,425,000 (75% of the approval)
- Lender
- Live Oak Banking Company, Wilmington, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.75%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- November 4, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $15,621 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 22, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 13
- Business type
- Corporation
- NAICS
- 812910, Pet Care (except Veterinary) Services
- Project location
- San Luis Obispo County, CA
- SBA district office
- Fresno District Office
- Congressional district
- CA-24
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 79% of acquisition loans in Pet Care (except Veterinary) Services on this site.
- Average acquisition loan in Pet Care (except Veterinary) Services: $1,325,264.
- 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
- Lee Rem & Me LLC, Santa Monica
- Starr Pet Resort, Windsor
- Sit Happens LLC, Altadena
- Daniel & Katie LLC, Long Beach