Spark Special Inc.
Spark Special Inc. is located in New York, NY, and the SBA lists its industry as Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services. It was approved for an SBA 7(a) loan of $1,197,600 for a change of ownership on April 10, 2025.
SBA 7(a) loan, change of ownership, approved Apr 10, 2025
- Gross approval
- $1,197,600
- SBA-guaranteed amount
- $898,200 (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
- 9.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- April 10, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $15,497 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 30, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 518210, Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services
- Project location
- New York County, NY
- SBA district office
- New York District Office
- Congressional district
- NY-10
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 31% of acquisition loans in Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services on this site.
- Average acquisition loan in Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services: $2,269,323.
- 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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