Ransom Seed Laboratory
Ransom Seed Laboratory is a business in Carpinteria, CA, in the soil preparation, planting, and cultivating industry (NAICS 115112). It was financed with an SBA 7(a) loan for a change of ownership of $678,600, approved August 20, 2026, by The Huntington National Bank.
SBA 7(a) loan, change of ownership, approved Aug 20, 2026
$678,600 approvedLender: The Huntington National Bank10 years termCommitted, not fully disbursedLoan details
- Gross approval
- $678,600
- SBA-guaranteed amount
- $508,950 (75% of the approval)
- Lender
- The Huntington National Bank, Columbus, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- August 20, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $8,323 Estimated payment at the initial rate over the full term; actual terms vary.
- Loan status
- Committed, not fully disbursed
- Jobs supported
- 7
- Business type
- Corporation
- NAICS
- 115112, Soil Preparation, Planting, and Cultivating
- Project location
- Santa Barbara County, CA
- SBA district office
- Los Angeles District Office
- Congressional district
- CA-24
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Soil Preparation, Planting, and Cultivating: $2,662,550.
- Average acquisition loan in California: $1,688,228.
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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