Main Street Registry

Miss Moon SC Bakery Inc

Santa Clara, CA · Retail Bakeries · NAICS 311811

Miss Moon SC Bakery Inc is a retail bakery in Santa Clara, California, classified under NAICS 311811 (Retail Bakeries). The company was financed with an SBA 7(a) loan for a change of ownership, approved on August 26, 2024, in the amount of $513,500 through lender Open Bank, and the loan is listed as a franchise location.

SBA 7(a) loan, change of ownership, approved Aug 26, 2024

$513,500 approvedLender: Open Bank10 years termPaid in fullLoan details
Gross approval
$513,500
SBA-guaranteed amount
$385,125 (75% of the approval)
Lender
Open Bank, Los Angeles, CA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.25%, variable
Term
10 years (120 months)
Estimated maturity
August 26, 2034 (estimated, approval date plus term)
Estimated monthly payment
$6,857 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Sep 25, 2024
Loan status
Paid in full
Jobs supported
6
Business type
Corporation
NAICS
311811, Retail Bakeries
Franchise
Paris Baguette
Project location
Santa Clara County, CA
SBA district office
San Francisco District Office
Congressional district
CA-17
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 17% of acquisition loans in Retail Bakeries on this site.
  • Average acquisition loan in Retail Bakeries: $1,252,861.
  • Average acquisition loan in California: $1,688,228.

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 California