Island Treat
Island Treat is a business in Bohemia, NY in the pet and pet supplies retailers industry (NAICS 459910). The company was financed with an SBA 7(a) loan for a change of ownership of $655,000, approved on May 22, 2025 by BayFirst National Bank.
SBA 7(a) loan, change of ownership, approved May 22, 2025
$655,000 approvedLender: BayFirst National Bank121 months termStatus not reported (SBA exemption)Loan details
- Gross approval
- $655,000
- SBA-guaranteed amount
- $491,250 (75% of the approval)
- Lender
- BayFirst National Bank, Saint Petersburg, FL
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.5%, variable
- Term
- 10 years, 1 month (121 months)
- Estimated maturity
- June 22, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $8,797 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 26, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 1
- Business type
- Corporation
- NAICS
- 459910, Pet and Pet Supplies Retailers
- Project location
- Suffolk County, NY
- SBA district office
- New York District Office
- Congressional district
- NY-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 21% of acquisition loans in Pet and Pet Supplies Retailers on this site.
- Average acquisition loan in Pet and Pet Supplies Retailers: $1,298,400.
- 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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