Safe Food Training LLC
Safe Food Training LLC is located in Big Lake, MN, and the SBA lists its industry as All Other Miscellaneous Schools and Instruction. It was approved for an SBA 7(a) loan of $526,100 for a change of ownership on May 7, 2025.
SBA 7(a) loan, change of ownership, approved May 7, 2025
- Gross approval
- $526,100
- SBA-guaranteed amount
- $394,575 (75% of the approval)
- Lender
- National Bank of Commerce, Superior, WI
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- May 7, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $6,808 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 14, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 611699, All Other Miscellaneous Schools and Instruction
- Project location
- Sherburne County, MN
- SBA district office
- Minnesota District Office
- Congressional district
- MN-06
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in All Other Miscellaneous Schools and Instruction: $2,006,618.
- Average acquisition loan in Minnesota: $1,482,119.
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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