Line X Zeelum LLC
Line X Zeelum LLC is a portrait photography studio in Long Island City, New York, classified under NAICS 541921. The company was financed with an SBA 7(a) loan for a change of ownership of $4,890,000, approved on July 24, 2025 by Firstrust Savings Bank. The loan is reported with 19 jobs.
SBA 7(a) loan, change of ownership, approved Jul 24, 2025
$4,890,000 approvedLender: Firstrust Savings Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $4,890,000
- SBA-guaranteed amount
- $3,667,500 (75% of the approval)
- Lender
- Firstrust Savings Bank, Conshohocken, PA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- July 24, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $63,947 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Aug 4, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 19
- Business type
- Corporation
- NAICS
- 541921, Photography Studios, Portrait
- Project location
- Queens County, NY
- SBA district office
- New York District Office
- Congressional district
- NY-12
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Photography Studios, Portrait: $1,776,625.
- 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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