Up the Creek Farm Store LLC
Up the Creek Farm Store LLC is a nursery, garden center, and farm supply retailer in Wellsboro, PA. The company was financed with an SBA 7(a) loan for a change of ownership totaling $725,000, approved on November 6, 2024, through First Heritage Federal Credit Union. The loan supports 7 jobs, according to SBA records.
SBA 7(a) loan, change of ownership, approved Nov 6, 2024
$725,000 approvedLender: First Heritage Federal Credit Union18 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $725,000
- SBA-guaranteed amount
- $543,750 (75% of the approval)
- Lender
- First Heritage Federal Credit Union, Corning, NY
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 8%, variable
- Term
- 18 years (216 months)
- Estimated maturity
- November 6, 2042 (estimated, approval date plus term)
- Estimated monthly payment
- $6,343 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 26, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 7
- Business type
- Corporation
- NAICS
- 444240, Nursery, Garden Center, and Farm Supply Retailers
- Project location
- Tioga County, PA
- SBA district office
- Philadelphia District Office
- Congressional district
- PA-12
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 44% of acquisition loans in Nursery, Garden Center, and Farm Supply Retailers on this site.
- Average acquisition loan in Nursery, Garden Center, and Farm Supply Retailers: $1,340,850.
- 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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