Pure Biogenics
Pure Biogenics is a medicinal and botanical manufacturing business located in Rockledge, PA. The company was financed with an SBA 7(a) loan for a change of ownership of $1,435,000, approved on January 10, 2025, by First Internet Bank of Indiana.
SBA 7(a) loan, change of ownership, approved Jan 10, 2025
$1,435,000 approvedLender: First Internet Bank of Indiana10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,435,000
- SBA-guaranteed amount
- $1,076,250 (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
- 10.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- January 10, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $19,163 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 27, 2025
- Loan status
- Status not reported (SBA exemption)
- Business type
- Corporation
- NAICS
- 325411, Medicinal and Botanical Manufacturing
- Project location
- Montgomery County, PA
- SBA district office
- Philadelphia District Office
- Congressional district
- PA-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Medicinal and Botanical Manufacturing: $2,857,575.
- 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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