Ferrara Manufacturing Company
Ferrara Manufacturing Company is located in Long Island City, New York, and operates in the cut and sew apparel contractors industry (NAICS 315210). The business financed real estate or equipment through an SBA 504 loan of $5,499,000 approved on November 30, 2023, with TD Bank, National Association as the bank partner and the Empire State Certified Development Corporation as the certified development company.
SBA 504 loan, approved Nov 30, 2023
$5,499,000 SBA portionCDC: Empire State Certified Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $5,499,000
- Bank portion
- $6,715,000
- Estimated project size
- $13,571,111 (estimated)
- Estimated owner equity
- $1,357,111 (estimated, about 10% of the project)
- Bank lender
- TD Bank, National Association, Wilmington, DE
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- November 30, 2048 (estimated, approval date plus term)
- First disbursement
- Aug 12, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 90
- Business type
- Corporation
- NAICS
- 315210, Cut and Sew Apparel Contractors
- Project location
- Queens County, NY
- SBA district office
- New York District Office
- Congressional district
- NY-12
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Average expansion loan in Cut and Sew Apparel Contractors: $3,178,500.
- 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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