Artisan Meats
Artisan Meats, located in Canandaigua, NY, operates in the meat processing industry, specifically meat processed from carcasses (NAICS 311612). The company was approved for an SBA 504 loan, which financed real estate or equipment through an SBA 504 loan, with an SBA portion of $1.82 million, a bank portion of $1.15 million, and the Empire State Certified Development Corporation as the certified development company.
SBA 504 loan, approved Jan 5, 2024
$1,820,000 SBA portionCDC: Empire State Certified Development Corporation10 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $1,820,000
- Bank portion
- $1,150,000
- Estimated project size
- $3,300,000 (estimated)
- Estimated owner equity
- $330,000 (estimated, about 10% of the project)
- Bank lender
- The Canandaigua National Bank and Trust Company, Canandaigua, NY
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 10 years (120 months)
- Estimated maturity
- January 5, 2034 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 15
- Business type
- Corporation
- NAICS
- 311612, Meat Processed from Carcasses
- Project location
- Ontario County, NY
- SBA district office
- Buffalo District Office
- Congressional district
- NY-23
- Collateral
- Yes
Estimated share of project by source
Bank 35% SBA (CDC) 55% Owner 10%
- Average expansion loan in Meat Processed from Carcasses: $2,770,429.
- 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.
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