Crema Coffee Holdings, LLC
Crema Coffee Holdings, LLC is a business located in Fishers, IN, in the household appliances, electric housewares, and consumer electronics merchant wholesalers industry (NAICS 423620). The company was financed with an SBA 7(a) loan for a change of ownership of $3,350,000, approved on June 10, 2024, by First Bank of Central Ohio.
SBA 7(a) loan, change of ownership, approved Jun 10, 2024
$3,350,000 approvedLender: First Bank of Central Ohio10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $3,350,000
- SBA-guaranteed amount
- $2,512,500 (75% of the approval)
- Lender
- First Bank of Central Ohio, Worthington, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- June 10, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $46,622 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 27, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 423620, Household Appliances, Electric Housewares, and Consumer Electronics Merchant Wholesalers
- Project location
- Hamilton County, IN
- SBA district office
- Indiana District Office
- Congressional district
- IN-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Household Appliances, Electric Housewares, and Consumer Electronics Merchant Wholesalers: $2,851,000.
- Average acquisition loan in Indiana: $1,995,900.
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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