Main Street Registry

Mercedes E. Gonzalez, M.D. P.A.

South Miami, FL · Medical Laboratories · NAICS 621511

Mercedes E. Gonzalez, M.D. P.A. is a medical laboratory business in South Miami, Florida, classified under NAICS 621511 (Medical Laboratories). The company financed real estate or equipment through an SBA 504 loan of $1,250,000, with City National Bank of Florida as the lender and Florida Business Development Corporation as the certified development company, approved on October 7, 2023.

SBA 504 loan, approved Oct 7, 2023

$1,250,000 SBA portionCDC: Florida Business Development Corporation25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$1,250,000
Bank portion
$1,525,000
Estimated project size
$3,083,333 (estimated)
Estimated owner equity
$308,333 (estimated, about 10% of the project)
Bank lender
City National Bank of Florida, Coral Gables, FL
CDC
Florida Business Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
October 7, 2048 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
1
Business type
Corporation
NAICS
621511, Medical Laboratories
Project location
Miami-Dade County, FL
SBA district office
South Florida District Office
Congressional district
FL-27
Collateral
Yes

Estimated share of project by source

Bank 49% SBA (CDC) 41% Owner 10%

  • Average expansion loan in Medical Laboratories: $2,130,250.
  • 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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Same industry in Florida