Main Street Registry

Armstrong Group International, Inc.

Homestead, FL · Industrial Machinery and Equipment Merchant Wholesalers · NAICS 423830

Armstrong Group International, Inc. is an industrial machinery and equipment merchant wholesaler located in Homestead, Florida. The company was approved for an SBA 504 loan of $4,765,000 for real estate or equipment, with Valley National Bank as the lending bank and Florida First Capital Finance Corporation, Inc. as the certified development company, with approval dated March 25, 2024.

SBA 504 loan, approved Mar 25, 2024

$4,765,000 SBA portionCDC: Florida First Capital Finance Corporation, Inc.25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$4,765,000
Bank portion
$5,825,115
Estimated project size
$11,766,794 (estimated)
Estimated owner equity
$1,176,679 (estimated, about 10% of the project)
Bank lender
Valley National Bank, Passaic, NJ
CDC
Florida First Capital Finance Corporation, Inc.
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
March 25, 2049 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
15
Business type
Corporation
NAICS
423830, Industrial Machinery and Equipment Merchant Wholesalers
Project location
Miami-Dade County, FL
SBA district office
South Florida District Office
Congressional district
FL-26
Collateral
Yes

Estimated share of project by source

Bank 50% SBA (CDC) 40% Owner 10%

  • Larger than 92% of expansion loans in Industrial Machinery and Equipment Merchant Wholesalers on this site.
  • Average expansion loan in Industrial Machinery and Equipment Merchant Wholesalers: $2,231,750.
  • Average expansion loan in Florida: $2,058,496.

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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Same industry in Florida