Casanova Market, Inc.
Casanova Market, Inc. is a meat and meat product merchant wholesaler based in Hauppauge, New York, operating in the meat and meat product merchant wholesalers industry (NAICS 424470). The company financed real estate or equipment through an SBA 504 loan of $5,000,000, approved on November 20, 2024, with Flagstar Bank, N.A. as the lending bank and Empire State Certified Development Corporation as the certified development company.
SBA 504 loan, approved Nov 20, 2024
$5,000,000 SBA portionCDC: Empire State Certified Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $5,000,000
- Bank portion
- $12,206,000
- Estimated project size
- $19,117,778 (estimated)
- Estimated owner equity
- $1,911,778 (estimated, about 10% of the project)
- Bank lender
- Flagstar Bank, N.A, Troy, MI
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- November 20, 2049 (estimated, approval date plus term)
- First disbursement
- Feb 12, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 424470, Meat and Meat Product Merchant Wholesalers
- Project location
- Suffolk County, NY
- SBA district office
- New York District Office
- Congressional district
- NY-1
- Collateral
- Yes
Estimated share of project by source
Bank 64% SBA (CDC) 26% Owner 10%
- Average expansion loan in Meat and Meat Product Merchant Wholesalers: $3,035,250.
- 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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