Lormar Optical Distributors, Inc.
Lormar Optical Distributors, Inc. is located in Cayey, PR, and the SBA lists its industry as Precision Turned Product Manufacturing. It was approved for an SBA 504 loan ($1,348,000 SBA portion) on November 12, 2024 to finance real estate or equipment.
- Business type
- Corporation
- Business age reported
- Existing or more than 2 years old
SBA 504 loans
| Approved | SBA portion | Bank portion | Project size | Lender | CDC | Term | Jobs supported | Status |
|---|---|---|---|---|---|---|---|---|
| Nov 12, 2024 | $1,348,000 | $1,878,508 | $3,585,009 (estimated) | Cooperativa de Ahorro y Cr<ac,e>dito La Aibonite\dt\na | Corp. Financiamiento Empresarial del Comercio y Comunidades (COFECC) | 10 years | 10 | Status not reported (SBA exemption) |
Estimated project size is (SBA portion + bank portion) divided by 0.9, since the owner typically contributes about 10 percent. It is not an SBA-published figure.
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