The Medbill Group Inc.
The Medbill Group Inc. is located in Brooklyn, NY, and the SBA lists its industry as Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services. It was approved for an SBA 504 loan ($2,642,000 SBA portion) on November 14, 2024 to finance real estate or equipment.
SBA 504 loan, approved Nov 14, 2024
- SBA (CDC) portion
- $2,642,000
- Bank portion
- $3,700,000
- Estimated project size
- $7,046,667 (estimated)
- Estimated owner equity
- $704,667 (estimated, about 10% of the project)
- Bank lender
- Cross River Bank, Fort Lee, NJ
- Processing method
- 504 Basic: standard SBA processing through a CDC
- Term
- 25 years (300 months)
- Estimated maturity
- November 14, 2049 (estimated, approval date plus term)
- First disbursement
- Feb 12, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 518210, Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services
- Project location
- Kings County, NY
- SBA district office
- New York District Office
- Congressional district
- NY-7
- Collateral
- Yes
Estimated share of project by source
Bank 53% SBA (CDC) 37% Owner 10%
- Average expansion loan in Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services: $2,790,333.
- 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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