Main Street Registry

Ince Estate, Inc.

Huntington Station, NY · Gasoline Stations with Convenience Stores · NAICS 457110

Ince Estate, Inc. is a gasoline station and convenience store business located in Huntington Station, New York, operating under NAICS code 457110. The company was financed with an SBA 7(a) loan for a change of ownership totaling $4,048,700, approved on February 6, 2025, through The Bancorp Bank National Association.

SBA 7(a) loan, change of ownership, approved Feb 6, 2025

$4,048,700 approvedLender: The Bancorp Bank National Association25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$4,048,700
SBA-guaranteed amount
$3,036,525 (75% of the approval)
Lender
The Bancorp Bank National Association, Sioux Falls, SD
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9%, variable
Term
25 years (300 months)
Estimated maturity
February 6, 2050 (estimated, approval date plus term)
Estimated monthly payment
$33,977 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Feb 28, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
21
Business type
Corporation
NAICS
457110, Gasoline Stations with Convenience Stores
Project location
Suffolk County, NY
SBA district office
New York District Office
Congressional district
NY-02
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 88% of acquisition loans in Gasoline Stations with Convenience Stores on this site.
  • Average acquisition loan in Gasoline Stations with Convenience Stores: $2,177,273.
  • 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