Golden Bird LLC
Golden Bird LLC is a business in Buffalo, New York, in the motor vehicle supplies and new parts merchant wholesalers industry. The company was financed with an SBA 7(a) loan for a change of ownership totaling $660,000, approved on February 6, 2025 by Manufacturers and Traders Trust Company. The loan reports 8 jobs.
SBA 7(a) loan, change of ownership, approved Feb 6, 2025
$660,000 approvedLender: Manufacturers and Traders Trust Company8 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $660,000
- SBA-guaranteed amount
- $495,000 (75% of the approval)
- Lender
- Manufacturers and Traders Trust Company, Buffalo, NY
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.75%, variable
- Term
- 8 years (96 months)
- Estimated maturity
- February 6, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $9,584 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 19, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 423120, Motor Vehicle Supplies and New Parts Merchant Wholesalers
- Project location
- Erie County, NY
- SBA district office
- Buffalo District Office
- Congressional district
- NY-26
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Motor Vehicle Supplies and New Parts Merchant Wholesalers: $2,098,000.
- 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.
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