Tilton Treats LLC
Tilton Treats LLC is a snack and nonalcoholic beverage bar located in Tilton, New Hampshire, and operates as a Dairy Queen franchise. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $517,500, approved on December 6, 2023, by Meredith Village Savings Bank.
SBA 7(a) loan, change of ownership, approved Dec 6, 2023
$517,500 approvedLender: Meredith Village Savings Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $517,500
- SBA-guaranteed amount
- $388,125 (75% of the approval)
- Lender
- Meredith Village Savings Bank, Meredith, NH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.75%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- December 6, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $6,486 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 16, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 25
- Business type
- Corporation
- NAICS
- 722515, Snack and Nonalcoholic Beverage Bars
- Franchise
- Dairy Queen - Store Agreement (American Dairy Queen)
- Project location
- Belknap County, NH
- SBA district office
- New Hampshire District Office
- Congressional district
- NH-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 8% of acquisition loans in Snack and Nonalcoholic Beverage Bars on this site.
- Average acquisition loan in Snack and Nonalcoholic Beverage Bars: $1,080,276.
- Average acquisition loan in New Hampshire: $1,811,437.
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.
Is this your company? Claim or correct this listing. See Corrections.
Same industry in New Hampshire
- Dmhincks5 Group LLC, Rochester