Lincoln Davies Building Supply
Lincoln Davies Building Supply, located in Forestport, New York, operates in the other building material dealers industry (NAICS 444180). The business was financed with an SBA 7(a) loan for a change of ownership of $893,000, approved on January 16, 2025, by Beacon Bank and Trust.
SBA 7(a) loan, change of ownership, approved Jan 16, 2025
$893,000 approvedLender: Beacon Bank and Trust25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $893,000
- SBA-guaranteed amount
- $669,750 (75% of the approval)
- Lender
- Beacon Bank and Trust, Brookline, MA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.75%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- January 16, 2050 (estimated, approval date plus term)
- Estimated monthly payment
- $7,958 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 1, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 36
- Business type
- Corporation
- NAICS
- 444180, Other Building Material Dealers
- Project location
- Oneida County, NY
- SBA district office
- Syracuse District Office
- Congressional district
- NY-22
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 25% of acquisition loans in Other Building Material Dealers on this site.
- Average acquisition loan in Other Building Material Dealers: $1,898,107.
- 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
- All Stiles Inc., Monroe
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