Blue Diamond Coffee Corp.
Blue Diamond Coffee Corp. is a coffee and tea manufacturing business located in Moonachie, New Jersey. It was approved for an SBA 504 loan of $1,206,000, with the SBA portion financing real estate or equipment through the lender Quaint Oak Bank and the certified development company Empire State Certified Development Corporation, with approval dated August 8, 2024.
SBA 504 loan, approved Aug 8, 2024
- SBA (CDC) portion
- $1,206,000
- Bank portion
- $1,640,750
- Estimated project size
- $3,163,056 (estimated)
- Estimated owner equity
- $316,306 (estimated, about 10% of the project)
- Bank lender
- Quaint Oak Bank, Southampton, PA
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 20 years (240 months)
- Estimated maturity
- August 8, 2044 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 40
- Business type
- Corporation
- NAICS
- 311920, Coffee and Tea Manufacturing
- Project location
- Bergen County, NJ
- SBA district office
- New Jersey District Office
- Congressional district
- NJ-9
- Collateral
- Yes
Estimated share of project by source
Bank 52% SBA (CDC) 38% Owner 10%
- Average expansion loan in Coffee and Tea Manufacturing: $1,425,000.
- 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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