Stein Envy, LLC
Stein Envy, LLC is located in Blue Bell, PA, and the SBA lists its industry as Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers. It was approved for an SBA 7(a) loan of $1,063,000 for a change of ownership on November 6, 2023.
SBA 7(a) loan, change of ownership, approved Nov 6, 2023
- Gross approval
- $1,063,000
- SBA-guaranteed amount
- $797,250 (75% of the approval)
- Lender
- Hyperion Bank, Philadelphia, PA
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 11%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- November 6, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $14,643 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 5, 2023
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 423610, Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers
- Project location
- Montgomery County, PA
- SBA district office
- Philadelphia District Office
- Congressional district
- PA-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 30% of acquisition loans in Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers on this site.
- Average acquisition loan in Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers: $1,962,200.
- Average acquisition loan in Pennsylvania: $1,636,965.
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 Pennsylvania
- NovaRise LLC, Bethlehem