Black Oak Investments LLC
Black Oak Investments LLC is an offices of chiropractors business in Sewickley, PA. It financed real estate or equipment through an SBA 504 loan of $1,053,000, with Northwest Bank as the lender and Regional Development Funding Corporation as the certified development company, and the loan was approved on April 25, 2024.
SBA 504 loan, approved Apr 25, 2024
$1,053,000 SBA portionCDC: Regional Development Funding Corporation25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $1,053,000
- Bank portion
- $1,275,000
- Estimated project size
- $2,586,667 (estimated)
- Estimated owner equity
- $258,667 (estimated, about 10% of the project)
- Bank lender
- Northwest Bank, Warren, PA
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- April 25, 2049 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 12
- Business type
- Corporation
- NAICS
- 621310, Offices of Chiropractors
- Project location
- Allegheny County, PA
- SBA district office
- Pittsburgh District Office
- Congressional district
- PA-17
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Average expansion loan in Offices of Chiropractors: $1,257,000.
- Average expansion loan in Pennsylvania: $2,212,724.
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 Pennsylvania
- Allegheny Physical Medicine PC, Bethel Park
- Forest Hills Chiropractic Center, P.C., Pittsburgh