Justin Smiles Limited Liability Company
Justin Smiles Limited Liability Company, located in Lakewood, NJ, operates in the All Other General Merchandise Retailers industry (NAICS 455219). The company financed real estate or equipment through an SBA 504 loan of $1,433,000, with Empire State Certified Development Corporation as the certified development company and M&T Bank Corporation as the partner lender, approved on July 18, 2024.
SBA 504 loan, approved Jul 18, 2024
$1,433,000 SBA portionCDC: Empire State Certified Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,433,000
- Bank portion
- $1,752,236
- Estimated project size
- $3,539,151 (estimated)
- Estimated owner equity
- $353,915 (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
- July 18, 2049 (estimated, approval date plus term)
- First disbursement
- Feb 11, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 455219, All Other General Merchandise Retailers
- Project location
- Ocean County, NJ
- SBA district office
- New Jersey District Office
- Congressional district
- NJ-3
- Collateral
- Yes
Estimated share of project by source
Bank 50% SBA (CDC) 40% Owner 10%
- Larger than 41% of expansion loans in All Other General Merchandise Retailers on this site.
- Average expansion loan in All Other General Merchandise Retailers: $2,003,182.
- Average expansion loan in New Jersey: $2,533,058.
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 Jersey
- Blackinn, LLC, Franklin Lakes