Skatehouse LLC
Skatehouse LLC is a sporting goods retailer located in Long Island City, New York, under NAICS code 459110. The business was financed with an SBA 7(a) loan for a change of ownership of $800,000, approved by Drake Bank with an approval date of August 19, 2026.
SBA 7(a) loan, change of ownership, approved Aug 19, 2026
- Gross approval
- $800,000
- SBA-guaranteed amount
- $600,000 (75% of the approval)
- Lender
- Drake Bank, Saint Paul, MN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- August 19, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $10,026 Estimated payment at the initial rate over the full term; actual terms vary.
- Loan status
- Committed, not fully disbursed
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 459110, Sporting Goods Retailers
- Project location
- Queens County, NY
- SBA district office
- New York District Office
- Congressional district
- NY-12
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 36% of acquisition loans in Sporting Goods Retailers on this site.
- Average acquisition loan in Sporting Goods Retailers: $1,337,498.
- 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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