Naoosh Sweets & Market
Naoosh Sweets & Market, located in Phoenix, AZ, operates in the supermarkets and other grocery retailers industry. The company financed real estate or equipment through an SBA 504 loan of $1,199,000, approved on June 11, 2024, with Fifth Third Bank as the lending bank and The Mortgage Capital Development Corporation as the certified development company.
SBA 504 loan, approved Jun 11, 2024
$1,199,000 SBA portionCDC: The Mortgage Capital Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,199,000
- Bank portion
- $1,462,500
- Estimated project size
- $2,957,222 (estimated)
- Estimated owner equity
- $295,722 (estimated, about 10% of the project)
- Bank lender
- Fifth Third Bank, Cincinnati, OH
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- June 11, 2049 (estimated, approval date plus term)
- First disbursement
- Aug 14, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 3
- Business type
- Corporation
- NAICS
- 445110, Supermarkets and Other Grocery Retailers (except Convenience Retailers)
- Project location
- Maricopa County, AZ
- SBA district office
- Arizona District Office
- Congressional district
- AZ-6
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 17% of expansion loans in Supermarkets and Other Grocery Retailers (except Convenience Retailers) on this site.
- Average expansion loan in Supermarkets and Other Grocery Retailers (except Convenience Retailers): $2,388,397.
- Average expansion loan in Arizona: $2,074,452.
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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