Palmer's Jewelry, Inc.
Palmer's Jewelry, Inc. is a jewelry retailer located in Kokomo, Indiana, in the jewelry retailers industry (NAICS 458310). The company was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $1.1 million, approved on July 22, 2026 by Community First Bank of Indiana.
SBA 7(a) loan, change of ownership, approved Jul 22, 2026
$1,100,000 approvedLender: Community First Bank of Indiana10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,100,000
- SBA-guaranteed amount
- $825,000 (75% of the approval)
- Lender
- Community First Bank of Indiana, Kokomo, IN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- July 22, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $13,786 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 31, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 14
- Business type
- Corporation
- NAICS
- 458310, Jewelry Retailers
- Project location
- Howard County, IN
- SBA district office
- Indiana District Office
- Congressional district
- IN-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 43% of acquisition loans in Jewelry Retailers on this site.
- Average acquisition loan in Jewelry Retailers: $1,347,143.
- Average acquisition loan in Indiana: $1,995,900.
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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