Fortino Family Inc.
Fortino Family Inc. is a business in Syracuse, NY, in the Other Building Material Dealers industry (NAICS 444180). The company was financed with an SBA 7(a) loan for a change of ownership totaling $825,000, approved on September 26, 2025, by FDIC-supervised lender Community Bank & Trust-West Georgia.
SBA 7(a) loan, change of ownership, approved Sep 26, 2025
$825,000 approvedLender: FDIC - Community Bank & Trust-West Georgia10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $825,000
- SBA-guaranteed amount
- $618,750 (75% of the approval)
- Lender
- FDIC - Community Bank & Trust-West Georgia, LaGrange, GA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- September 26, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $10,902 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Oct 27, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 3
- Business type
- Corporation
- NAICS
- 444180, Other Building Material Dealers
- Project location
- Onondaga County, NY
- SBA district office
- Syracuse District Office
- Congressional district
- NY-24
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 18% of acquisition loans in Other Building Material Dealers on this site.
- Average acquisition loan in Other Building Material Dealers: $1,898,107.
- 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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Same industry in New York
- All Stiles Inc., Monroe
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