Main Street Registry

Imperial Sales

Melville, NY · Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers · NAICS 423610

Imperial Sales, located in Melville, New York, operates in electrical apparatus and equipment, wiring supplies, and related equipment merchant wholesaling. The business financed real estate or equipment through an SBA 504 loan of $5,000,000, approved on May 31, 2024, with Webster Bank National Association as the bank lender and Empire State Certified Development Corporation as the certified development company.

SBA 504 loan, approved May 31, 2024

$5,000,000 SBA portionCDC: Empire State Certified Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$5,000,000
Bank portion
$13,106,000
Estimated project size
$20,117,778 (estimated)
Estimated owner equity
$2,011,778 (estimated, about 10% of the project)
Bank lender
Webster Bank National Association, Waterbury, CT
CDC
Empire State Certified Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
May 31, 2049 (estimated, approval date plus term)
First disbursement
Jan 15, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
3
Business type
Corporation
NAICS
423610, Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers
Project location
Suffolk County, NY
SBA district office
New York District Office
Congressional district
NY-2
Collateral
Yes

Estimated share of project by source

Bank 65% SBA (CDC) 25% Owner 10%

  • Larger than 88% of expansion loans in Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers on this site.
  • Average expansion loan in Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers: $2,444,062.
  • 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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Same industry in New York