Pet Paradise, Inc.
Pet Paradise, Inc. is located in Pueblo, CO, and the SBA lists its industry as Pet and Pet Supplies Retailers. It was approved for an SBA 7(a) loan of $1,498,000 for a change of ownership on August 29, 2024.
SBA 7(a) loan, change of ownership, approved Aug 29, 2024
- Gross approval
- $1,498,000
- SBA-guaranteed amount
- $1,123,500 (75% of the approval)
- Lender
- CenTrust Bank, A Division of SmartBiz Bank National Association, Northbrook, IL
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- August 29, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $20,635 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Sep 17, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 33
- Business type
- Corporation
- NAICS
- 459910, Pet and Pet Supplies Retailers
- Project location
- Pueblo County, CO
- SBA district office
- Colorado District Office
- Congressional district
- CO-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 70% of acquisition loans in Pet and Pet Supplies Retailers on this site.
- Average acquisition loan in Pet and Pet Supplies Retailers: $1,298,400.
- Average acquisition loan in Colorado: $1,608,658.
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.
Is this your company? Claim or correct this listing. See Corrections.