Main Street Registry

Atlantic Bagel Foods LLC

Brooklyn, NY · Limited-Service Restaurants · NAICS 722513

Atlantic Bagel Foods LLC is a limited-service restaurant located in Brooklyn, New York, in the Limited-Service Restaurants industry. The company was financed with an SBA 7(a) loan for a change of ownership of $786,100, approved on November 6, 2024, through Ponce Bank National Association. The loan is listed with an estimated 12 jobs.

SBA 7(a) loan, change of ownership, approved Nov 6, 2024

$786,100 approvedLender: Ponce Bank National Association10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$786,100
SBA-guaranteed amount
$589,575 (75% of the approval)
Lender
Ponce Bank National Association, New York City, NY
Processing method
Standard 7(a): the lender submits the application for SBA review
Initial interest rate
10.5%, variable
Term
10 years (120 months)
Estimated maturity
November 6, 2034 (estimated, approval date plus term)
Estimated monthly payment
$10,607 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Nov 21, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
12
Business type
Corporation
NAICS
722513, Limited-Service Restaurants
Project location
Kings County, NY
SBA district office
New York District Office
Congressional district
NY-07
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 37% of acquisition loans in Limited-Service Restaurants on this site.
  • Average acquisition loan in Limited-Service Restaurants: $1,303,660.
  • 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