Shambo Holdings LLC
Shambo Holdings LLC, located in Copenhagen, New York, operates in the drinking places (alcoholic beverages) industry. The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $680,000, approved on February 13, 2024 by New York Business Development Corporation.
SBA 7(a) loan, change of ownership, approved Feb 13, 2024
$680,000 approvedLender: New York Business Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $680,000
- SBA-guaranteed amount
- $510,000 (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
- 13.2%, fixed
- Term
- 25 years (300 months)
- Estimated maturity
- February 13, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $7,772 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 25, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 14
- Business type
- Corporation
- NAICS
- 722410, Drinking Places (Alcoholic Beverages)
- Project location
- Lewis 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 32% of acquisition loans in Drinking Places (Alcoholic Beverages) on this site.
- Average acquisition loan in Drinking Places (Alcoholic Beverages): $1,078,366.
- 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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