Hollowbrook Foot Specialist, PC
Hollowbrook Foot Specialist, PC is a podiatry office located in Wappingers Falls, New York, in the offices of podiatrists industry. The business was financed with an SBA 7(a) loan for a change of ownership in the amount of $750,000, approved on December 7, 2023, through Tompkins Community Bank.
SBA 7(a) loan, change of ownership, approved Dec 7, 2023
$750,000 approvedLender: Tompkins Community Bank7 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $750,000
- SBA-guaranteed amount
- $562,500 (75% of the approval)
- Lender
- Tompkins Community Bank, Ithaca, NY
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.5%, fixed
- Term
- 7 years (84 months)
- Estimated maturity
- December 7, 2030 (estimated, approval date plus term)
- Estimated monthly payment
- $11,504 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 29, 2023
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 11
- Business type
- Corporation
- NAICS
- 621391, Offices of Podiatrists
- Project location
- Dutchess County, NY
- SBA district office
- New York District Office
- Congressional district
- NY-18
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Offices of Podiatrists: $953,675.
- 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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