Dr. Buzz Medical P.C.
Dr. Buzz Medical P.C. is located in Brooklyn, NY, and the SBA lists its industry as Offices of Physicians (except Mental Health Specialists). It was approved for an SBA 504 loan ($2,711,000 SBA portion) on September 24, 2024 to finance real estate or equipment.
SBA 504 loan, approved Sep 24, 2024
- SBA (CDC) portion
- $2,711,000
- Bank portion
- $3,309,372
- Estimated project size
- $6,689,302 (estimated)
- Estimated owner equity
- $668,930 (estimated, about 10% of the project)
- Bank lender
- Wells Fargo Bank National Association, Sioux Falls, SD
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- September 24, 2049 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 21
- Business type
- Corporation
- NAICS
- 621111, Offices of Physicians (except Mental Health Specialists)
- Project location
- Kings County, NY
- SBA district office
- New York District Office
- Congressional district
- NY-8
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 78% of expansion loans in Offices of Physicians (except Mental Health Specialists) on this site.
- Average expansion loan in Offices of Physicians (except Mental Health Specialists): $2,141,987.
- 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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