MINOREâS MEATS LLC
Minore's Meats LLC, located in New Haven, Connecticut, is classified under the industry Meat and Meat Product Merchant Wholesalers (NAICS 424470). The company was financed with an SBA 7(a) loan for a change of ownership of $5 million, approved on March 5, 2025, through Live Oak Banking Company.
SBA 7(a) loan, change of ownership, approved Mar 5, 2025
$5,000,000 approvedLender: Live Oak Banking Company10 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
- 8.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- March 5, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $62,663 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 14, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 37
- Business type
- Corporation
- NAICS
- 424470, Meat and Meat Product Merchant Wholesalers
- Project location
- South Central Ct County, CT
- SBA district office
- Connecticut District Office
- Congressional district
- CT-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Meat and Meat Product Merchant Wholesalers: $2,890,700.
- Average acquisition loan in Connecticut: $1,992,959.
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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