Homestory LLC
Homestory LLC, located in Clay Center, Kansas, operates in the hardware retail industry (NAICS 444140). The business was financed with an SBA 7(a) loan for a change of ownership in the amount of $2,385,000, approved by United Bank and Trust on March 21, 2025.
SBA 7(a) loan, change of ownership, approved Mar 21, 2025
$2,385,000 approvedLender: United Bank and Trust10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,385,000
- SBA-guaranteed amount
- $1,788,750 (75% of the approval)
- Lender
- United Bank and Trust, Marysville, KS
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 7.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- March 21, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $28,310 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 23, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 25
- Business type
- Corporation
- NAICS
- 444140, Hardware Retailers
- Franchise
- Ace Hardware
- Project location
- Clay County, KS
- SBA district office
- Wichita District Office
- Congressional district
- KS-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 69% of acquisition loans in Hardware Retailers on this site.
- Average acquisition loan in Hardware Retailers: $1,808,637.
- Average acquisition loan in Kansas: $1,491,022.
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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