Smart Food Vending LLC
Smart Food Vending LLC, located in Brooklyn, NY, operates in the vending machine operators industry (NAICS 445132). The company was financed with an SBA 7(a) loan for a change of ownership of $1.25 million, approved on January 29, 2026 by Live Oak Banking Company.
SBA 7(a) loan, change of ownership, approved Jan 29, 2026
$1,250,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,250,000
- SBA-guaranteed amount
- $937,500 (75% of the approval)
- Lender
- Live Oak Banking Company, Wilmington, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.4%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- January 29, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $15,431 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 17, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 11
- Business type
- Corporation
- NAICS
- 445132, Vending Machine Operators
- Project location
- Kings County, NY
- SBA district office
- New York District Office
- Congressional district
- NY-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Vending Machine Operators: $1,105,500.
- 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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