Castle Hill Recycling, LLC
Castle Hill Recycling, LLC is a solid waste collection business located in the Bronx, New York, classified under NAICS code 562111. The company financed real estate or equipment through an SBA 504 loan of $2,077,000, with KeyBank National Association as the bank partner and Empire State Certified Development Corporation as the certified development company, with approval dated June 27, 2024.
SBA 504 loan, approved Jun 27, 2024
$2,077,000 SBA portionCDC: Empire State Certified Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $2,077,000
- Bank portion
- $2,300,000
- Estimated project size
- $4,863,333 (estimated)
- Estimated owner equity
- $486,333 (estimated, about 10% of the project)
- Bank lender
- KeyBank National Association, Cleveland, OH
- Processing method
- 504 Refinancing: refinances existing business debt
- Term
- 25 years (300 months)
- Estimated maturity
- June 27, 2049 (estimated, approval date plus term)
- First disbursement
- Aug 14, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 27
- Business type
- Corporation
- NAICS
- 562111, Solid Waste Collection
- Project location
- Bronx County, NY
- SBA district office
- New York District Office
- Congressional district
- NY-14
- Collateral
- Yes
Estimated share of project by source
Bank 47% SBA (CDC) 43% Owner 10%
- Larger than 82% of expansion loans in Solid Waste Collection on this site.
- Average expansion loan in Solid Waste Collection: $1,704,273.
- 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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- Syracuse Haulers Waste Removal, Inc., Syracuse