Patel Adk Home, LLC
Patel Adk Home, LLC, located in Old Forge, NY, operates in the All Other Home Furnishings Retailers industry (NAICS 449129). The company was financed with an SBA 7(a) loan for a change of ownership totaling $1,151,000, approved on July 24, 2026 by Beacon Bank and Trust.
SBA 7(a) loan, change of ownership, approved Jul 24, 2026
$1,151,000 approvedLender: Beacon Bank and Trust25 years termCommitted, not fully disbursedLoan details
- Gross approval
- $1,151,000
- SBA-guaranteed amount
- $863,250 (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%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- July 24, 2051 (estimated, approval date plus term)
- Estimated monthly payment
- $9,659 Estimated payment at the initial rate over the full term; actual terms vary.
- Loan status
- Committed, not fully disbursed
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 449129, All Other Home Furnishings Retailers
- Project location
- Herkimer County, NY
- SBA district office
- Syracuse District Office
- Congressional district
- NY-21
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 62% of acquisition loans in All Other Home Furnishings Retailers on this site.
- Average acquisition loan in All Other Home Furnishings Retailers: $1,148,862.
- 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
- Home & Hearth, Cortlandt Manor