Ready To Soft Serve, LLC
Ready To Soft Serve, LLC is a snack and nonalcoholic beverage bar located in West Chester, Ohio. The company was financed with an SBA 7(a) loan for a change of ownership totaling $1,993,000, approved on January 17, 2025, by The Huntington National Bank.
SBA 7(a) loan, change of ownership, approved Jan 17, 2025
- Gross approval
- $1,993,000
- SBA-guaranteed amount
- $1,494,750 (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
- 7.6%, fixed
- Term
- 17 years (204 months)
- Estimated maturity
- January 17, 2042 (estimated, approval date plus term)
- Estimated monthly payment
- $17,430 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 14, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 44
- Business type
- Corporation
- NAICS
- 722515, Snack and Nonalcoholic Beverage Bars
- Project location
- Butler County, OH
- SBA district office
- Columbus District Office
- Congressional district
- OH-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 90% 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 Ohio: $1,840,340.
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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