Lazy Days Brewing Co.
Lazy Days Brewing Co. is located in Portland, OR, and the SBA lists its industry as Breweries. It was approved for an SBA 7(a) loan of $830,000 for a change of ownership on November 14, 2023.
SBA 7(a) loan, change of ownership, approved Nov 14, 2023
- Gross approval
- $830,000
- SBA-guaranteed amount
- $622,500 (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
- 10%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- November 14, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $10,969 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 15, 2023
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 25
- Business type
- Corporation
- NAICS
- 312120, Breweries
- Project location
- Multnomah County, OR
- SBA district office
- Portland District Office
- Congressional district
- OR-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Breweries: $1,771,438.
- Average acquisition loan in Oregon: $1,946,167.
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 Oregon
- Gorges Beer Co., Cascade Locks