Octobeak, Inc.
Octobeak, Inc. is a business located in Philadelphia, PA, classified under the industry All Other Miscellaneous Retailers (NAICS 459999). The company was financed with an SBA 7(a) loan for a change of ownership totaling $3.5 million, approved by The Bancorp Bank National Association on July 24, 2025.
SBA 7(a) loan, change of ownership, approved Jul 24, 2025
$3,519,100 approvedLender: The Bancorp Bank National Association10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $3,519,100
- SBA-guaranteed amount
- $2,639,325 (75% of the approval)
- Lender
- The Bancorp Bank National Association, Sioux Falls, SD
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- July 24, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $44,578 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 31, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 12
- Business type
- Corporation
- NAICS
- 459999, All Other Miscellaneous Retailers
- Project location
- Philadelphia County, PA
- SBA district office
- Philadelphia District Office
- Congressional district
- PA-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 89% of acquisition loans in All Other Miscellaneous Retailers on this site.
- Average acquisition loan in All Other Miscellaneous Retailers: $1,546,818.
- Average acquisition loan in Pennsylvania: $1,636,965.
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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