Imprinted Food Corporation
Imprinted Food Corporation is a snack and nonalcoholic beverage bar located in Brooklyn, New York, in the Snack and Nonalcoholic Beverage Bars industry (NAICS 722515). The business was financed with an SBA 7(a) loan for a change of ownership of $1.29 million, approved by Byline Bank on October 8, 2024, with 14 jobs reported.
SBA 7(a) loan, change of ownership, approved Oct 8, 2024
$1,290,000 approvedLender: Byline Bank100 months termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,290,000
- SBA-guaranteed amount
- $967,500 (75% of the approval)
- Lender
- Byline Bank, Chicago, IL
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.75%, variable
- Term
- 8 years, 4 months (100 months)
- Estimated maturity
- February 8, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $19,584 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 29, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 14
- Business type
- Corporation
- NAICS
- 722515, Snack and Nonalcoholic Beverage Bars
- Project location
- Kings County, NY
- SBA district office
- New York District Office
- Congressional district
- NY-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 80% of acquisition loans in Snack and Nonalcoholic Beverage Bars on this site.
- Average acquisition loan in Snack and Nonalcoholic Beverage Bars: $1,080,276.
- 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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