SBA lending record

The Bay Candle, Inc.

19440 Scenic Highway 98, Fairhope, AL 36532 · All Other Miscellaneous Retailers. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.

$290K

Total SBA financing

Loan on record

FY2023

On record

Jobs supported

● business — business location is the ZIP-area centroid from the public record

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The loan

$290,000 — FY2023

Gross approval: $290,000
SBA guaranteed: $217,500 (75%)
Status: Current
Rate at approval: 9% v
Term: 120 mo (10 yr)
Program: Preferred Lenders Program
Subprogram: Guaranty
Loan type: Term loan
Purpose: Other / working capital
Approved: 11/16/2022
First disbursement: 12/20/2022
Days to fund: 34 days
Collateral: Required
Sold on secondary market: Yes

The lender

Readycap Lending, LLC

1 loan to this business

Full lending record on the lender page.

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DealRoom listing built from public SBA 7(a) lending records and FDIC BankFind. Figures are as reported; verify before relying on them. Not affiliated with The Bay Candle, Inc..