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Forest Hills Bagels Inc

Forest Hills, NY · Limited-Service Restaurants · NAICS 722513

Forest Hills Bagels Inc is a limited-service restaurant located in Forest Hills, NY, classified under NAICS 722513. The company was financed with an SBA 7(a) loan for a change of ownership totaling $1.6 million, approved by Woori America Bank on August 11, 2026.

SBA 7(a) loan, change of ownership, approved Aug 11, 2026

$1,600,000 approvedLender: Woori America Bank10 years termCommitted, not fully disbursedLoan details
Gross approval
$1,600,000
SBA-guaranteed amount
$1,200,000 (75% of the approval)
Lender
Woori America Bank, New York, NY
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.6%, variable
Term
10 years (120 months)
Estimated maturity
August 11, 2036 (estimated, approval date plus term)
Estimated monthly payment
$19,923 Estimated payment at the initial rate over the full term; actual terms vary.
Loan status
Committed, not fully disbursed
Jobs supported
21
Business type
Corporation
NAICS
722513, Limited-Service Restaurants
Project location
Queens County, NY
SBA district office
New York District Office
Congressional district
NY-06
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 74% 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.

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