Twin Tiers Boat Club, LLC
Twin Tiers Boat Club, LLC is a business in Hamburg, New York, classified under the industry Port and Harbor Operations. It was financed with an SBA 7(a) loan for a change of ownership of $515,000, approved by Live Oak Banking Company on August 29, 2025. The business is listed as a Freedom Boat Club franchise.
SBA 7(a) loan, change of ownership, approved Aug 29, 2025
$515,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $515,000
- SBA-guaranteed amount
- $386,250 (75% of the approval)
- Lender
- Live Oak Banking Company, Wilmington, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- August 29, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $6,735 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Sep 12, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 488310, Port and Harbor Operations
- Franchise
- Freedom Boat Club
- Project location
- Erie County, NY
- SBA district office
- Buffalo District Office
- Congressional district
- NY-27
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Port and Harbor Operations: $873,500.
- 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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