Pink Aprons LLC
Pink Aprons LLC is located in Saratoga Springs, UT, and the SBA lists its industry as Snack and Nonalcoholic Beverage Bars. It was approved for an SBA 7(a) loan of $514,200 for a change of ownership on January 28, 2025.
SBA 7(a) loan, change of ownership, approved Jan 28, 2025
- Gross approval
- $514,200
- SBA-guaranteed amount
- $385,650 (75% of the approval)
- Lender
- Citizens Bank, Elizabethton, TN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- January 28, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $6,867 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 24, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 722515, Snack and Nonalcoholic Beverage Bars
- Project location
- Utah County, UT
- SBA district office
- Utah District Office
- Congressional district
- UT-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 7% of acquisition loans in Snack and Nonalcoholic Beverage Bars on this site.
- Average acquisition loan in Snack and Nonalcoholic Beverage Bars: $1,080,276.
- Average acquisition loan in Utah: $1,761,092.
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 Utah
- Scivally Holdings LLC, Vineyard
- Scivally Holdings LLC, Saratoga Springs
- Rockem Coffee LLP, Draper
- Titan Food Services, LLC, Vernal