TrueNorth Workforce Solutions LLC
TrueNorth Workforce Solutions LLC is an employment placement agency located in Astoria, New York. It was financed with an SBA 7(a) loan for a change of ownership, in the amount of $5 million, approved on January 27, 2026, through Pathward National Association.
SBA 7(a) loan, change of ownership, approved Jan 27, 2026
$5,000,000 approvedLender: Pathward National Association10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $5,000,000
- SBA-guaranteed amount
- $3,750,000 (75% of the approval)
- Lender
- Pathward 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
- January 27, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $64,699 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 8, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 561311, Employment Placement Agencies
- 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)
- Larger than 93% of acquisition loans in Employment Placement Agencies on this site.
- Average acquisition loan in Employment Placement Agencies: $2,146,432.
- 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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