Agritec International Ltd.
Agritec International Ltd. is a petroleum refinery located in Casa Grande, Arizona, classified under NAICS code 324110. The company financed real estate or equipment through an SBA 504 loan of $1,852,000 approved on March 22, 2024, with Small Business Lending, Inc. dba Newtek Small Business Lending as the lender and The Mortgage Capital Development Corporation as the certified development company.
SBA 504 loan, approved Mar 22, 2024
$1,852,000 SBA portionCDC: The Mortgage Capital Development Corporation25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $1,852,000
- Bank portion
- $2,585,000
- Estimated project size
- $4,930,000 (estimated)
- Estimated owner equity
- $493,000 (estimated, about 10% of the project)
- Bank lender
- Small Business Lending, Inc. dba Newtek Small Business Lending, Lake Success, NY
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- March 22, 2049 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 35
- Business type
- Corporation
- NAICS
- 324110, Petroleum Refineries
- Project location
- Pinal County, AZ
- SBA district office
- Arizona District Office
- Congressional district
- AZ-1
- Collateral
- Yes
Estimated share of project by source
Bank 52% SBA (CDC) 38% Owner 10%
- Average expansion loan in Petroleum Refineries: $1,852,000.
- Average expansion loan in Arizona: $2,074,452.
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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