Red's Farm, LLC
Red's Farm, LLC is located in Providence, RI, and the SBA lists its industry as Meat Retailers. It was approved for an SBA 7(a) loan of $1,323,800 for a change of ownership on May 15, 2025.
SBA 7(a) loan, change of ownership, approved May 15, 2025
- Gross approval
- $1,323,800
- SBA-guaranteed amount
- $992,850 (75% of the approval)
- Lender
- Santander Bank, National Association, Wilmington, DE
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 6.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- May 15, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $15,031 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Aug 25, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 14
- Business type
- Corporation
- NAICS
- 445240, Meat Retailers
- Project location
- Providence County, RI
- SBA district office
- Rhode Island District Office
- Congressional district
- RI-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 61% of acquisition loans in Meat Retailers on this site.
- Average acquisition loan in Meat Retailers: $1,128,604.
- Average acquisition loan in Rhode Island: $1,739,073.
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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