Main Street Registry

395 Woodcleft Holding, LLC

Freeport, NY · Full-Service Restaurants · NAICS 722511

395 Woodcleft Holding, LLC is a full-service restaurant business located in Freeport, New York, in the Full-Service Restaurants industry. The company financed real estate or equipment through an SBA 504 loan with an SBA portion of $3,425,000, approved on January 22, 2024, through Newtek Bank, National Association, with Trenton Business Assistance Corporation as the certified development company.

SBA 504 loan, approved Jan 22, 2024

$3,425,000 SBA portionCDC: Trenton Business Assistance Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$3,425,000
Bank portion
$3,650,000
Estimated project size
$7,861,111 (estimated)
Estimated owner equity
$786,111 (estimated, about 10% of the project)
Bank lender
Newtek Bank, National Association, Miami, FL
CDC
Trenton Business Assistance Corporation
Processing method
504 Refinancing: refinances existing business debt
Term
25 years (300 months)
Estimated maturity
January 22, 2049 (estimated, approval date plus term)
First disbursement
Apr 17, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
30
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Nassau County, NY
SBA district office
New York District Office
Congressional district
NY-4
Collateral
Yes

Estimated share of project by source

Bank 46% SBA (CDC) 44% Owner 10%

  • Larger than 94% of expansion loans in Full-Service Restaurants on this site.
  • Average expansion loan in Full-Service Restaurants: $1,813,082.
  • Average expansion loan in New York: $2,225,161.

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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in New York