Pearle Vision of Collegeville
Pearle Vision of Collegeville, located in Collegeville, Pennsylvania, operates in the optical goods retailers industry (NAICS 456130) and is a franchise of Pearle Vision. The business was financed with an SBA 7(a) loan for a change of ownership totaling $2,265,000, approved on March 31, 2026 by First Merchants Bank.
SBA 7(a) loan, change of ownership, approved Mar 31, 2026
$2,265,000 approvedLender: First Merchants Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,265,000
- SBA-guaranteed amount
- $1,698,750 (75% of the approval)
- Lender
- First Merchants Bank, Indianapolis, IN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- March 31, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $28,692 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 1, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 7
- Business type
- Corporation
- NAICS
- 456130, Optical Goods Retailers
- Franchise
- Pearle Vision
- Project location
- Montgomery County, PA
- SBA district office
- Philadelphia District Office
- Congressional district
- PA-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Optical Goods Retailers: $2,411,143.
- Average acquisition loan in Pennsylvania: $1,636,965.
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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