Main Street Registry

Dove and Deer NY LLC

Albany, NY · Full-Service Restaurants · NAICS 722511

Dove and Deer NY LLC is a full-service restaurant business in Albany, NY. The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $1,215,000, approved on December 21, 2023 by Byline Bank.

SBA 7(a) loan, change of ownership, approved Dec 21, 2023

$1,215,000 approvedLender: Byline Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,215,000
SBA-guaranteed amount
$911,250 (75% of the approval)
Lender
Byline Bank, Chicago, IL
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
11.25%, variable
Term
25 years (300 months)
Estimated maturity
December 21, 2048 (estimated, approval date plus term)
Estimated monthly payment
$12,129 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jan 18, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
14
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Albany County, NY
SBA district office
Syracuse District Office
Congressional district
NY-20
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 62% of acquisition loans in Full-Service Restaurants on this site.
  • Average acquisition loan in Full-Service Restaurants: $1,319,601.
  • 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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Same industry in New York