Glass Works
Glass Works is located in Pompano Beach, FL, and the SBA lists its industry as Flat Glass Manufacturing. It was approved for an SBA 504 loan ($1,569,000 SBA portion) on June 13, 2024 to finance real estate or equipment.
SBA 504 loan, approved Jun 13, 2024
- SBA (CDC) portion
- $1,569,000
- Bank portion
- $1,919,500
- Estimated project size
- $3,876,111 (estimated)
- Estimated owner equity
- $387,611 (estimated, about 10% of the project)
- Bank lender
- BankUnited, National Association, Miami Lakes, FL
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- June 13, 2049 (estimated, approval date plus term)
- First disbursement
- Nov 13, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 3
- Business type
- Corporation
- NAICS
- 327211, Flat Glass Manufacturing
- Project location
- Broward County, FL
- SBA district office
- South Florida District Office
- Congressional district
- FL-20
- Collateral
- Yes
Estimated share of project by source
Bank 50% SBA (CDC) 40% Owner 10%
- Average expansion loan in Flat Glass Manufacturing: $2,590,400.
- Average expansion loan in Florida: $2,058,496.
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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