Meble Furniture
Meble Furniture, located in Ronkonkoma, New York, operates in the furniture retailers industry (NAICS 449110). The business financed real estate or equipment through an SBA 504 loan with an SBA portion of $2,064,000, approved on September 24, 2024, through Empire State Certified Development Corporation with Webster Bank National Association as the bank partner.
SBA 504 loan, approved Sep 24, 2024
$2,064,000 SBA portionCDC: Empire State Certified Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $2,064,000
- Bank portion
- $2,525,000
- Estimated project size
- $5,098,889 (estimated)
- Estimated owner equity
- $509,889 (estimated, about 10% of the project)
- Bank lender
- Webster Bank National Association, Waterbury, CT
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- September 24, 2049 (estimated, approval date plus term)
- First disbursement
- Feb 12, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 3
- Business type
- Corporation
- NAICS
- 449110, Furniture Retailers
- Project location
- Suffolk County, NY
- SBA district office
- New York District Office
- Congressional district
- NY-1
- Collateral
- Yes
Estimated share of project by source
Bank 50% SBA (CDC) 40% Owner 10%
- Larger than 50% of expansion loans in Furniture Retailers on this site.
- Average expansion loan in Furniture Retailers: $2,338,737.
- 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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