Main Street Registry

Lafayette Furniture Corporation

Jamestown, NY · Furniture Retailers · NAICS 449110

Lafayette Furniture Corporation, located in Jamestown, New York, operates in the furniture retailers industry (NAICS 449110). The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $595,000, approved on May 7, 2026 by Manufacturers and Traders Trust Company.

SBA 7(a) loan, change of ownership, approved May 7, 2026

$595,000 approvedLender: Manufacturers and Traders Trust Company10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$595,000
SBA-guaranteed amount
$446,250 (75% of the approval)
Lender
Manufacturers and Traders Trust Company, Buffalo, NY
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.25%, variable
Term
10 years (120 months)
Estimated maturity
May 7, 2036 (estimated, approval date plus term)
Estimated monthly payment
$7,298 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jun 5, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
6
Business type
Corporation
NAICS
449110, Furniture Retailers
Project location
Chautauqua County, NY
SBA district office
Buffalo District Office
Congressional district
NY-23
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 6% of acquisition loans in Furniture Retailers on this site.
  • Average acquisition loan in Furniture Retailers: $1,875,127.
  • 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