Paris Baguette
Paris Baguette is located in Los Angeles, CA, and the SBA lists its industry as Baked Goods Retailers. It was approved for an SBA 7(a) loan of $1,450,000 for a change of ownership on September 26, 2024.
SBA 7(a) loan, change of ownership, approved Sep 26, 2024
- Gross approval
- $1,450,000
- SBA-guaranteed amount
- $1,087,500 (75% of the approval)
- Lender
- Woori America Bank, New York, NY
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.75%, variable
- Term
- 10 years, 1 month (121 months)
- Estimated maturity
- October 26, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $18,869 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 7, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 445291, Baked Goods Retailers
- Franchise
- Paris Baguette
- Project location
- Los Angeles County, CA
- SBA district office
- Los Angeles District Office
- Congressional district
- CA-28
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 62% of acquisition loans in Baked Goods Retailers on this site.
- Average acquisition loan in Baked Goods Retailers: $1,301,117.
- 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
- Pbla1, LLC, Los Angeles
- Paris Baguette of West Covina, West Covina
- MJ21 LLC, San Jose
- Patty's Cakes and Desserts, Fullerton
- Golden Carbs LLC, Encino
- Desi Foods, Riverside
- 8856 W Pico Blvd., LLC, Los Angeles