Vermont Meat & Seafood Market - Shelburne, LLC
Vermont Meat & Seafood Market - Shelburne, LLC is a meat retailer in Shelburne, Vermont, classified under NAICS 445240 (Meat Retailers). The business was financed with an SBA 7(a) loan for a change of ownership of $2.3 million, approved on June 20, 2024, through Live Oak Banking Company.
SBA 7(a) loan, change of ownership, approved Jun 20, 2024
$2,300,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,300,000
- SBA-guaranteed amount
- $1,725,000 (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
- 10.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- June 20, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $30,714 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 28, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 12
- Business type
- Corporation
- NAICS
- 445240, Meat Retailers
- Project location
- Chittenden County, VT
- SBA district office
- Vermont District Office
- Congressional district
- VT-00
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 91% of acquisition loans in Meat Retailers on this site.
- Average acquisition loan in Meat Retailers: $1,128,604.
- Average acquisition loan in Vermont: $1,727,847.
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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