Dogs Gone Coastal LLC
Dogs Gone Coastal LLC is a pet care services business (except veterinary services) located in Ellicott City, Maryland. It was financed with an SBA 7(a) loan for a change of ownership totaling $935,000, approved by Live Oak Banking Company on December 16, 2024.
SBA 7(a) loan, change of ownership, approved Dec 16, 2024
$935,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $935,000
- SBA-guaranteed amount
- $701,250 (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
- 8.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- December 16, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $11,593 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 7, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 9
- Business type
- Corporation
- NAICS
- 812910, Pet Care (except Veterinary) Services
- Project location
- Howard County, MD
- SBA district office
- Baltimore District Office
- Congressional district
- MD-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 41% 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 Maryland: $1,627,337.
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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