Fern & Stripes LLC
Fern & Stripes LLC is located in Las Vegas, NV, and the SBA lists its industry as All Other Miscellaneous Food Manufacturing. It was approved for an SBA 7(a) loan of $3,515,600 for a change of ownership on February 17, 2026.
SBA 7(a) loan, change of ownership, approved Feb 17, 2026
- Gross approval
- $3,515,600
- SBA-guaranteed amount
- $2,636,700 (75% of the approval)
- Lender
- Citizens Bank, Elizabethton, TN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- February 17, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $45,011 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 6, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 57
- Business type
- Corporation
- NAICS
- 311999, All Other Miscellaneous Food Manufacturing
- Project location
- Clark County, NV
- SBA district office
- Nevada District Office
- Congressional district
- NV-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in All Other Miscellaneous Food Manufacturing: $1,835,080.
- Average acquisition loan in Nevada: $1,617,910.
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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