Ricardo Betancourt
Ricardo Betancourt is a business in Franklin Square, NY, operating in portfolio management and investment advice. The company was financed with an SBA 7(a) loan for a change of ownership of $625,000, approved on December 16, 2025 by Byline Bank.
SBA 7(a) loan, change of ownership, approved Dec 16, 2025
$625,000 approvedLender: Byline Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $625,000
- SBA-guaranteed amount
- $468,750 (75% of the approval)
- Lender
- Byline Bank, Chicago, IL
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- December 16, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $8,173 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 16, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Individual
- NAICS
- 523940, Portfolio Management and Investment Advice
- Project location
- Nassau County, NY
- SBA district office
- New York District Office
- Congressional district
- NY-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 19% of acquisition loans in Portfolio Management and Investment Advice on this site.
- Average acquisition loan in Portfolio Management and Investment Advice: $1,481,771.
- 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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