Lincoln of Ramsey
Lincoln of Ramsey is a new car dealer located in Ramsey, New Jersey, classified under NAICS 441110 (New Car Dealers). The business financed real estate or equipment through an SBA 504 loan of $4,999,000, with a separate bank portion, approved through Columbia Bank and Empire State Certified Development Corporation on May 7, 2024.
SBA 504 loan, approved May 7, 2024
$4,999,000 SBA portionCDC: Empire State Certified Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $4,999,000
- Bank portion
- $9,023,420
- Estimated project size
- $15,580,467 (estimated)
- Estimated owner equity
- $1,558,047 (estimated, about 10% of the project)
- Bank lender
- Columbia Bank, Fair Lawn, NJ
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- May 7, 2049 (estimated, approval date plus term)
- First disbursement
- Dec 11, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 60
- Business type
- Corporation
- NAICS
- 441110, New Car Dealers
- Project location
- Bergen County, NJ
- SBA district office
- New Jersey District Office
- Congressional district
- NJ-5
- Collateral
- Yes
Estimated share of project by source
Bank 58% SBA (CDC) 32% Owner 10%
- Larger than 78% of expansion loans in New Car Dealers on this site.
- Average expansion loan in New Car Dealers: $3,138,111.
- 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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