Career & Employment Options, LLC
Career & Employment Options, LLC is an apprenticeship training business located in Islandia, New York, classified under NAICS code 611513. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $750,000, approved on February 3, 2024, through Pathward National Association.
SBA 7(a) loan, change of ownership, approved Feb 3, 2024
$750,000 approvedLender: Pathward National Association10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $750,000
- SBA-guaranteed amount
- $562,500 (75% of the approval)
- Lender
- Pathward National Association, Sioux Falls, SD
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- February 3, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $10,225 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 23, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 33
- Business type
- Corporation
- NAICS
- 611513, Apprenticeship Training
- Project location
- Suffolk County, NY
- SBA district office
- New York District Office
- Congressional district
- NY-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Apprenticeship Training: $750,000.
- 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.
Is this your company? Claim or correct this listing. See Corrections.