1105 Route 36 LLC
1105 Route 36 LLC is located in Hazlet, NJ, and the SBA lists its industry as Flower, Nursery Stock, and Florists' Supplies Merchant Wholesalers. It was approved for an SBA 504 loan ($4,374,000 SBA portion) on February 13, 2024 to finance real estate or equipment.
SBA 504 loan, approved Feb 13, 2024
- SBA (CDC) portion
- $4,374,000
- Bank portion
- $4,661,000
- Estimated project size
- $10,038,889 (estimated)
- Estimated owner equity
- $1,003,889 (estimated, about 10% of the project)
- Bank lender
- Popular Bank, New York, NY
- Processing method
- 504 Basic: standard SBA processing through a CDC
- Term
- 25 years (300 months)
- Estimated maturity
- February 13, 2049 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 15
- Business type
- Corporation
- NAICS
- 424930, Flower, Nursery Stock, and Florists' Supplies Merchant Wholesalers
- Project location
- Monmouth County, NJ
- SBA district office
- New Jersey District Office
- Congressional district
- NJ-4
- Collateral
- Yes
Estimated share of project by source
Bank 46% SBA (CDC) 44% Owner 10%
- Average expansion loan in Flower, Nursery Stock, and Florists' Supplies Merchant Wholesalers: $2,478,250.
- Average expansion loan in New Jersey: $2,533,058.
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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