Hearth & Green LLC
Hearth & Green LLC is a bed-and-breakfast inn located in Richland Center, Wisconsin, classified under NAICS code 721191. The business was financed with an SBA 7(a) loan for a change of ownership in the amount of $5 million, approved on June 12, 2024, through Live Oak Banking Company.
SBA 7(a) loan, change of ownership, approved Jun 12, 2024
$5,000,000 approvedLender: Live Oak Banking Company26 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $5,000,000
- SBA-guaranteed amount
- $3,750,000 (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
- 9.5%, variable
- Term
- 26 years (312 months)
- Estimated maturity
- June 12, 2050 (estimated, approval date plus term)
- Estimated monthly payment
- $43,280 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 21, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 721191, Bed-and-Breakfast Inns
- Project location
- Richland County, WI
- SBA district office
- Wisconsin District Office
- Congressional district
- WI-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 80% of acquisition loans in Bed-and-Breakfast Inns on this site.
- Average acquisition loan in Bed-and-Breakfast Inns: $2,626,570.
- Average acquisition loan in Wisconsin: $1,729,230.
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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