World of Pets II LLC
World of Pets II LLC is a pet and pet supplies retailer in Florence, KY. It was financed with an SBA 7(a) loan for a change of ownership, in the amount of $948,500, approved on March 26, 2025 by The Huntington National Bank.
SBA 7(a) loan, change of ownership, approved Mar 26, 2025
$948,500 approvedLender: The Huntington National Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $948,500
- SBA-guaranteed amount
- $711,375 (75% of the approval)
- Lender
- The Huntington National Bank, Columbus, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- March 26, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $12,273 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 8, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 459910, Pet and Pet Supplies Retailers
- Project location
- Boone County, KY
- SBA district office
- Kentucky District Office
- Congressional district
- KY-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 48% of acquisition loans in Pet and Pet Supplies Retailers on this site.
- Average acquisition loan in Pet and Pet Supplies Retailers: $1,298,400.
- Average acquisition loan in Kentucky: $1,988,993.
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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