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TomCat Davenport LLC

Davenport, IA · Furniture Retailers · NAICS 449110

TomCat Davenport LLC, located in Davenport, Iowa, operates in the furniture retailers industry (NAICS 449110). The company was financed with an SBA 7(a) loan for a change of ownership of $4,535,000, approved by Live Oak Banking Company on September 11, 2026, and the loan is associated with the Slumberland Furniture franchise.

SBA 7(a) loan, change of ownership, approved Sep 11, 2026

$4,535,000 approvedLender: Live Oak Banking Company25 years termCommitted, not fully disbursedLoan details
Gross approval
$4,535,000
SBA-guaranteed amount
$3,401,250 (75% of the approval)
Lender
Live Oak Banking Company, Wilmington, NC
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.5%, variable
Term
25 years (300 months)
Estimated maturity
September 11, 2051 (estimated, approval date plus term)
Estimated monthly payment
$36,517 Estimated payment at the initial rate over the full term; actual terms vary.
Loan status
Committed, not fully disbursed
Jobs supported
13
Business type
Corporation
NAICS
449110, Furniture Retailers
Franchise
Slumberland Furniture
Project location
Scott County, IA
SBA district office
Des Moines District Office
Congressional district
IA-02
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 91% of acquisition loans in Furniture Retailers on this site.
  • Average acquisition loan in Furniture Retailers: $1,875,127.
  • Average acquisition loan in Iowa: $1,701,244.

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 Iowa