The Herzog Group LLC
The Herzog Group LLC is located in Saint Paul, MN, and the SBA lists its industry as Clothing and Clothing Accessories Retailers. It was approved for an SBA 7(a) loan of $579,000 for a change of ownership on August 17, 2026.
SBA 7(a) loan, change of ownership, approved Aug 17, 2026
- Gross approval
- $579,000
- SBA-guaranteed amount
- $434,250 (75% of the approval)
- Lender
- Colony Bank, Fitzgerald, GA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- August 17, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $7,492 Estimated payment at the initial rate over the full term; actual terms vary.
- Loan status
- Committed, not fully disbursed
- Business type
- Corporation
- NAICS
- 458110, Clothing and Clothing Accessories Retailers
- Project location
- Washington County, MN
- SBA district office
- Minnesota District Office
- Congressional district
- MN-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 15% of acquisition loans in Clothing and Clothing Accessories Retailers on this site.
- Average acquisition loan in Clothing and Clothing Accessories Retailers: $1,439,812.
- Average acquisition loan in Minnesota: $1,482,119.
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 Minnesota
- Tiny Threads LLC, Mankato