Braun A Eric & Partners LLC
Braun A Eric & Partners LLC is a gasoline station with convenience store operations located in Pearl River, NY, classified under NAICS 457110. The company was financed with an SBA 7(a) loan for a change of ownership totaling $3.2 million, approved on October 3, 2024 by Harvest Small Business Finance, LLC. The loan is reported for 4 jobs and is associated with a franchise agreement with Anderson Oil Co., Inc.
SBA 7(a) loan, change of ownership, approved Oct 3, 2024
$3,200,000 approvedLender: Harvest Small Business Finance, LLC25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $3,200,000
- SBA-guaranteed amount
- $2,400,000 (75% of the approval)
- Lender
- Harvest Small Business Finance, LLC, Laguna Hills, CA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- October 3, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $31,364 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 20, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 457110, Gasoline Stations with Convenience Stores
- Franchise
- Anderson Oil Co., Inc. (BP/Shell/Exxon) Sales and Supply Agreement
- Project location
- Rockland County, NY
- SBA district office
- New York District Office
- Congressional district
- NY-17
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 77% of acquisition loans in Gasoline Stations with Convenience Stores on this site.
- Average acquisition loan in Gasoline Stations with Convenience Stores: $2,177,273.
- 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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