Main Street Registry

Latham '76 Diner

Latham, NY · Full-Service Restaurants · NAICS 722511

Latham '76 Diner is a full-service restaurant in Latham, New York, in the Full-Service Restaurants industry. The business was financed with an SBA 7(a) loan for a change of ownership of $3,478,000, approved by Beacon Bank and Trust on December 1, 2025.

SBA 7(a) loan, change of ownership, approved Dec 1, 2025

$3,478,000 approvedLender: Beacon Bank and Trust25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$3,478,000
SBA-guaranteed amount
$2,608,500 (75% of the approval)
Lender
Beacon Bank and Trust, Brookline, MA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.25%, variable
Term
25 years (300 months)
Estimated maturity
December 1, 2050 (estimated, approval date plus term)
Estimated monthly payment
$29,785 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Feb 26, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
30
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Albany County, NY
SBA district office
Syracuse District Office
Congressional district
NY-20
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 95% of acquisition loans in Full-Service Restaurants on this site.
  • Average acquisition loan in Full-Service Restaurants: $1,319,601.
  • 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