EcoOil Recycling LLC
EcoOil Recycling LLC is a recyclable material merchant wholesaler located in Seabrook, New Hampshire, under NAICS code 423930. The company was approved for an SBA 504 loan of $1,343,000 to finance real estate or equipment, with Granite State Economic Development Corporation as the certified development company and M&T Bank Corporation as the lender, with approval dated June 24, 2026.
SBA 504 loan, approved Jun 24, 2026
- SBA (CDC) portion
- $1,343,000
- Bank portion
- $1,628,350
- Estimated project size
- $3,301,500 (estimated)
- Estimated owner equity
- $330,150 (estimated, about 10% of the project)
- Bank lender
- M&T Bank Corporation, Buffalo, NY
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- June 24, 2051 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 423930, Recyclable Material Merchant Wholesalers
- Project location
- Rockingham County, NH
- SBA district office
- New Hampshire District Office
- Congressional district
- NH-1
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 11% of expansion loans in Recyclable Material Merchant Wholesalers on this site.
- Average expansion loan in Recyclable Material Merchant Wholesalers: $2,389,263.
- Average expansion loan in New Hampshire: $1,898,259.
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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