American Biosciences, Inc.
American Biosciences, Inc. is located in Blauvelt, NY, and the SBA lists its industry as Medicinal and Botanical Manufacturing. It was approved for an SBA 7(a) loan of $4,327,300 for a change of ownership on January 30, 2026.
SBA 7(a) loan, change of ownership, approved Jan 30, 2026
- Gross approval
- $4,327,300
- SBA-guaranteed amount
- $3,894,570 (90% of the approval)
- Lender
- T Bank, National Association, Dallas, TX
- Processing method
- International Trade Loan: for businesses that export or are preparing to
- Initial interest rate
- 8.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- January 30, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $53,075 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 27, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 325411, Medicinal and Botanical Manufacturing
- Project location
- Rockland County, NY
- SBA district office
- New York District Office
- Congressional district
- NY-17
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Medicinal and Botanical Manufacturing: $2,857,575.
- 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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