Mar-J Medical Supply, Inc.
Mar-J Medical Supply, Inc. is a wholesaler of medical, dental, and hospital equipment and supplies located in Boca Raton, Florida. The company was financed through an SBA 504 loan for real estate or equipment, with an SBA portion of $1,233,000 and a total project amount of $1,500,000, approved on January 6, 2025 through Bank of America, National Association with Florida First Capital Finance Corporation, Inc. as the certified development company.
SBA 504 loan, approved Jan 6, 2025
$1,233,000 SBA portionCDC: Florida First Capital Finance Corporation, Inc.25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,233,000
- Bank portion
- $1,500,000
- Estimated project size
- $3,036,667 (estimated)
- Estimated owner equity
- $303,667 (estimated, about 10% of the project)
- Bank lender
- Bank of America, National Association, Charlotte, NC
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- January 6, 2050 (estimated, approval date plus term)
- First disbursement
- Jul 16, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 423450, Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers
- Project location
- Palm Beach County, FL
- SBA district office
- South Florida District Office
- Congressional district
- FL-21
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Average expansion loan in Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers: $2,317,800.
- 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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