Bayside Meat Market
Bayside Meat Market is a meat retailer located in Bayside, New York, in the NAICS 445240 meat retailers industry. The business was financed with an SBA 7(a) loan for a change of ownership, approved for $600,000 on September 18, 2024, through Centerstone SBA Lending, Inc., and the loan reported 3 jobs.
SBA 7(a) loan, change of ownership, approved Sep 18, 2024
$600,000 approvedLender: Centerstone SBA Lending, Inc.10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $600,000
- SBA-guaranteed amount
- $450,000 (75% of the approval)
- Lender
- Centerstone SBA Lending, Inc., Los Angeles, CA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- September 18, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $8,350 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Oct 29, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 3
- Business type
- Corporation
- NAICS
- 445240, Meat Retailers
- Project location
- Queens County, NY
- SBA district office
- New York District Office
- Congressional district
- NY-06
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 22% of acquisition loans in Meat Retailers on this site.
- Average acquisition loan in Meat Retailers: $1,128,604.
- 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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