Babylon Beach House, Inc.
Babylon Beach House, Inc. is located in Babylon, NY, and the SBA lists its industry as Assisted Living Facilities for the Elderly. It was approved for an SBA 504 loan ($2,202,000 SBA portion) on June 9, 2026 to finance real estate or equipment.
SBA 504 loan, approved Jun 9, 2026
- SBA (CDC) portion
- $2,202,000
- Bank portion
- $3,060,000
- Estimated project size
- $5,846,667 (estimated)
- Estimated owner equity
- $584,667 (estimated, about 10% of the project)
- Bank lender
- Newtek Bank, National Association, Miami, FL
- Processing method
- 504 Basic: standard SBA processing through a CDC
- Term
- 25 years (300 months)
- Estimated maturity
- June 9, 2051 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 33
- Business type
- Corporation
- NAICS
- 623312, Assisted Living Facilities for the Elderly
- Project location
- Suffolk County, NY
- SBA district office
- New York District Office
- Congressional district
- NY-2
- Collateral
- Yes
Estimated share of project by source
Bank 52% SBA (CDC) 38% Owner 10%
- Larger than 70% of expansion loans in Assisted Living Facilities for the Elderly on this site.
- Average expansion loan in Assisted Living Facilities for the Elderly: $1,996,284.
- Average expansion loan in New York: $2,225,161.
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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