Pet Palace Inc.
Pet Palace Inc. is located in Clarksville, TN, and the SBA lists its industry as Pet Care (except Veterinary) Services. It was approved for an SBA 7(a) loan of $732,000 for a change of ownership on September 18, 2025.
SBA 7(a) loan, change of ownership, approved Sep 18, 2025
- Gross approval
- $732,000
- SBA-guaranteed amount
- $549,000 (75% of the approval)
- Lender
- First Financial Bank, El Dorado, AR
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- September 18, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $9,076 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Sep 29, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 47
- Business type
- Corporation
- NAICS
- 812910, Pet Care (except Veterinary) Services
- Project location
- Montgomery County, TN
- SBA district office
- Tennessee District Office
- Congressional district
- TN-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 24% of acquisition loans in Pet Care (except Veterinary) Services on this site.
- Average acquisition loan in Pet Care (except Veterinary) Services: $1,325,264.
- Average acquisition loan in Tennessee: $1,738,925.
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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