Financing a all other miscellaneous retailers acquisition in Tennessee

1+ funded All Other Miscellaneous Retailers in Tennessee deals

Real SBA 7(a) acquisitions from public records — see who got funded, for how much, and by which lender. Tap any deal for the full record.

• THE SAUNA PLACE INC. in Cookeville, TN — $4.0M (2024) · purchase · Newtek Bank, National Association

  Program

  Preferred Lenders Program

  Rate at approval

  11.5% variable

  Term

  120 mo (10 yrs)

  SBA guaranteed

  $3.0M (75%)

  Approval → funding

  22 days

  Approved

  11/8/2023

  First disbursed

  11/30/2023

  Loan status

  Current

  Loan type

  Term loan

  Collateral

  Required

  Business type

  Corporation

  Secondary market

  Loan sold to investors

  Jobs supported

  11

  Business age

  Change of Ownership

  Industry

  All Other Miscellaneous Retailers

  If you were the buyer here

  Est. deal size

  $4.4M

  Est. down payment (10%)

  $444K

  Est. cash at closing

  $614K

  Monthly payment

  $56,238

  Annual debt service

  $675K

  Cash flow needed (1.25×)

  $844K

  Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.

  Funded by Newtek Bank, National Association · Lender record →

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