Black Diamond Billiards
Black Diamond Billiards is an amusement and recreation business in Union, New Jersey, in the industry classified as All Other Amusement and Recreation Industries. The business financed real estate or equipment through an SBA 504 loan with a SBA portion of $1,760,000, approved on December 6, 2023, through Unity Bank and the Trenton Business Assistance Corporation.
SBA 504 loan, approved Dec 6, 2023
$1,760,000 SBA portionCDC: Trenton Business Assistance Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,760,000
- Bank portion
- $2,150,000
- Estimated project size
- $4,344,444 (estimated)
- Estimated owner equity
- $434,444 (estimated, about 10% of the project)
- Bank lender
- Unity Bank, Clinton, NJ
- Processing method
- 504 Basic: standard SBA processing through a CDC
- Term
- 25 years (300 months)
- Estimated maturity
- December 6, 2048 (estimated, approval date plus term)
- First disbursement
- Apr 16, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 9
- Business type
- Corporation
- NAICS
- 713990, All Other Amusement and Recreation Industries
- Project location
- Union County, NJ
- SBA district office
- New Jersey District Office
- Congressional district
- NJ-7
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 46% of expansion loans in All Other Amusement and Recreation Industries on this site.
- Average expansion loan in All Other Amusement and Recreation Industries: $2,189,271.
- 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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