Scout Enterprises Destination Athlete Hunterdon LLC
Scout Enterprises Destination Athlete Hunterdon LLC is a sporting goods retailer located in Lebanon, NJ, in the sporting goods retailers industry. The business was financed with an SBA 7(a) loan for a change of ownership in the amount of $975,000, approved on November 20, 2024, through Beacon Bank and Trust.
SBA 7(a) loan, change of ownership, approved Nov 20, 2024
$975,000 approvedLender: Beacon Bank and Trust10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $975,000
- SBA-guaranteed amount
- $731,250 (75% of the approval)
- Lender
- Beacon Bank and Trust, Brookline, MA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- November 20, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $13,293 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 2, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 9
- Business type
- Corporation
- NAICS
- 459110, Sporting Goods Retailers
- Franchise
- Destination Athlete
- Project location
- Hunterdon County, NJ
- SBA district office
- New Jersey District Office
- Congressional district
- NJ-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 50% of acquisition loans in Sporting Goods Retailers on this site.
- Average acquisition loan in Sporting Goods Retailers: $1,337,498.
- Average acquisition loan in New Jersey: $1,626,307.
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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Same industry in New Jersey
- SS Equipment Holdings, LLC, Green Brook