SBA lending record

INNOVATING ELECTRONICS INC

1121 58TH ST, Brooklyn, NY 11219 · Hobby, Toy, and Game Retailers. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.

$500K

Total SBA financing

Loan on record

FY2025

On record

Jobs supported

● business — business location is the ZIP-area centroid from the public record

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The loan

$500,000 — FY2025

Gross approval: $500,000
SBA guaranteed: $250,000 (50%)
Status: Cancelled
Rate at approval: 9% v
Term: 120 mo (10 yr)
Program: SBA Express Program
Subprogram: FA$TRK (Small Loan Express)
Loan type: Term loan
Purpose: Other / working capital
Approved: 1/16/2025
Collateral: Required
Jobs supported: 2
Business type: Corporation
Business age: Existing or more than 2 years old
Industry: Hobby, Toy, and Game Retailers
NAICS code: 459120
Lender: Webster Bank National Association
Address: 1121 58TH ST
City: Brooklyn, 11219
County: Kings
SBA district office: NEW YORK DISTRICT OFFICE
Congressional district: 7

The lender

Webster Bank National Association

1 loan to this businessFull SBA lending record + branches on the lender page →

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The banks most active funding hobby, toy, and game retailers — by location, industry.

SBA lenders in New York Lenders for hobby, toy, and game retailers Hobby, Toy, and Game Retailers lenders in New York

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Agent summary

This page summarizes the public SBA 7(a) lending record for INNOVATING ELECTRONICS INC in Brooklyn, NY (Hobby, Toy, and Game Retailers). CapBench compiles public SBA loan data, lender activity, and business signals to help buyers and advisors evaluate acquisition financing — it does not list this business for sale.

1 SBA 7(a) loan totaling $500K
On record FY2025
2 jobs supported
Industry: Hobby, Toy, and Game Retailers
Location: Brooklyn, NY
Lender: Webster Bank National Association

Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with Hobby, Toy, and Game Retailers businesses in NY for ~$500k deals, then pre-qualify for 7(a) financing before making an offer. CapBench can arrange a lender introduction — free for buyers.

Next steps

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Data freshness:: SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-17.
Sources:: Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
Canonical:: https://www.capbench.com/businesses/innovating-electronics-inc-ny
API:: https://www.capbench.com/api/public/businesses/innovating-electronics-inc-ny
Methodology:: Sources & methodology

Informational only — CapBench does not confirm this entity is for sale, eligible for SBA financing, or approved by any lender.
Figures come from public records and CapBench methodology; verify before relying on them.
Financing figures are historical loan records, not a current offer or a loan approval. CapBench is not a lender.

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CapBench listing built from public SBA 7(a) lending records. Figures are as reported; verify before relying on them. Not affiliated with INNOVATING ELECTRONICS INC.