Pond & Garden Depot
Pond & Garden Depot is a business in Phoenixville, PA, classified under the industry All Other General Merchandise Retailers (NAICS 455219). The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $1,559,000, approved by First Internet Bank of Indiana on October 16, 2024.
SBA 7(a) loan, change of ownership, approved Oct 16, 2024
$1,559,000 approvedLender: First Internet Bank of Indiana10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,559,000
- SBA-guaranteed amount
- $1,169,250 (75% of the approval)
- Lender
- First Internet Bank of Indiana, Fishers, IN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- October 16, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $21,255 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 15, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 455219, All Other General Merchandise Retailers
- Project location
- Chester 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)
- Larger than 50% of acquisition loans in All Other General Merchandise Retailers on this site.
- Average acquisition loan in All Other General Merchandise Retailers: $2,031,236.
- 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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