Roberts Family Boots LLC
Roberts Family Boots LLC is a shoe retailer located in Clarksville, Indiana, in the shoe retail industry. The business was financed with an SBA 7(a) loan for a change of ownership totaling $584,000, approved by Merchants Bank of Indiana on September 15, 2026.
SBA 7(a) loan, change of ownership, approved Sep 15, 2026
$584,000 approvedLender: Merchants Bank of Indiana10 years termCommitted, not fully disbursedLoan details
- Gross approval
- $584,000
- SBA-guaranteed amount
- $438,000 (75% of the approval)
- Lender
- Merchants Bank of Indiana, Carmel, IN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- September 15, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $7,477 Estimated payment at the initial rate over the full term; actual terms vary.
- Loan status
- Committed, not fully disbursed
- Jobs supported
- 3
- Business type
- Corporation
- NAICS
- 458210, Shoe Retailers
- Project location
- Clark County, IN
- SBA district office
- Indiana District Office
- Congressional district
- IN-09
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Shoe Retailers: $1,132,514.
- Average acquisition loan in Indiana: $1,995,900.
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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