Main Street Registry

Syracuse Bicycle Athletics Inc.

Syracuse, NY · Sporting Goods Retailers · NAICS 459110

Syracuse Bicycle Athletics Inc. is a sporting goods retailer in Syracuse, New York, classified under NAICS 459110 (Sporting Goods Retailers). The business was financed with an SBA 7(a) loan for a change of ownership totaling $2,650,000, approved by Manufacturers and Traders Trust Company on December 16, 2023, and the loan supports 15 jobs.

SBA 7(a) loan, change of ownership, approved Dec 16, 2023

$2,650,000 approvedLender: Manufacturers and Traders Trust Company10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,650,000
SBA-guaranteed amount
$1,987,500 (75% of the approval)
Lender
Manufacturers and Traders Trust Company, Buffalo, NY
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.5%, variable
Term
10 years (120 months)
Estimated maturity
December 16, 2033 (estimated, approval date plus term)
Estimated monthly payment
$34,290 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jan 1, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
15
Business type
Corporation
NAICS
459110, Sporting Goods Retailers
Project location
Onondaga County, NY
SBA district office
Syracuse District Office
Congressional district
NY-24
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 90% of acquisition loans in Sporting Goods Retailers on this site.
  • Average acquisition loan in Sporting Goods Retailers: $1,337,498.
  • 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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in New York