S & Z Real Estate & Insurance Services, LLC
S & Z Real Estate & Insurance Services, LLC is a business in Watervliet, New York, in the other activities related to real estate industry. It was financed with an SBA 7(a) loan for a change of ownership of $675,000, approved on February 29, 2024, by the New York Business Development Corporation.
SBA 7(a) loan, change of ownership, approved Feb 29, 2024
$675,000 approvedLender: New York Business Development Corporation10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $675,000
- SBA-guaranteed amount
- $506,250 (75% of the approval)
- Lender
- New York Business Development Corporation, Latham, NY
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 13.5%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- February 28, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $10,279 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 31, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 531390, Other Activities Related to Real Estate
- Project location
- Albany County, NY
- SBA district office
- Syracuse District Office
- Congressional district
- NY-20
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 23% of acquisition loans in Other Activities Related to Real Estate on this site.
- Average acquisition loan in Other Activities Related to Real Estate: $1,530,355.
- 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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