West Park Holding Group, LLC
West Park Holding Group, LLC is a business in Kingston, NY, in the Lessors of Other Real Estate Property industry. It was financed with an SBA 7(a) loan for a change of ownership of $621,000, approved on January 4, 2024, through Sawyer Savings Bank.
SBA 7(a) loan, change of ownership, approved Jan 4, 2024
$621,000 approvedLender: Sawyer Savings Bank25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $621,000
- SBA-guaranteed amount
- $465,750 (75% of the approval)
- Lender
- Sawyer Savings Bank, Saugerties, NY
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 10.75%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- January 4, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $5,975 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 26, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 18
- Business type
- Corporation
- NAICS
- 531190, Lessors of Other Real Estate Property
- Project location
- Ulster County, NY
- SBA district office
- New York District Office
- Congressional district
- NY-19
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Lessors of Other Real Estate Property: $621,000.
- 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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