98 & 100 Willis Realty LLC
98 & 100 Willis Realty LLC, located in Mineola, NY, operates in the offices of lawyers industry (NAICS 541110). The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $1.7 million, approved by Live Oak Banking Company on June 27, 2025.
SBA 7(a) loan, change of ownership, approved Jun 27, 2025
$1,700,000 approvedLender: Live Oak Banking Company25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,700,000
- SBA-guaranteed amount
- $1,275,000 (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
- 6.5%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- June 27, 2050 (estimated, approval date plus term)
- Estimated monthly payment
- $11,479 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 3, 2025
- Loan status
- Status not reported (SBA exemption)
- Business type
- Corporation
- NAICS
- 541110, Offices of Lawyers
- Project location
- Nassau County, NY
- SBA district office
- New York District Office
- Congressional district
- NY-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 63% of acquisition loans in Offices of Lawyers on this site.
- Average acquisition loan in Offices of Lawyers: $1,606,779.
- Average acquisition loan in New York: $1,771,512.
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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