Main Street Registry

New York Medical and Vascular Care

Brooklyn, NY · Offices of Physicians (except Mental Health Specialists) · NAICS 621111

New York Medical and Vascular Care is a physician office in Brooklyn, NY, in the offices of physicians (except mental health specialists) industry. The business financed real estate or equipment through an SBA 504 loan of $3,160,000, with New York Business Development Corporation as the bank partner and Empire State Certified Development Corporation as the certified development company, and the loan was approved on February 8, 2024.

SBA 504 loan, approved Feb 8, 2024

$3,160,000 SBA portionCDC: Empire State Certified Development Corporation25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$3,160,000
Bank portion
$4,142,350
Estimated project size
$8,113,722 (estimated)
Estimated owner equity
$811,372 (estimated, about 10% of the project)
Bank lender
New York Business Development Corporation, Latham, NY
CDC
Empire State Certified Development Corporation
Processing method
504 Basic: standard SBA processing through a CDC
Term
25 years (300 months)
Estimated maturity
February 8, 2049 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
13
Business type
Corporation
NAICS
621111, Offices of Physicians (except Mental Health Specialists)
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 51% SBA (CDC) 39% Owner 10%

  • Larger than 86% of expansion loans in Offices of Physicians (except Mental Health Specialists) on this site.
  • Average expansion loan in Offices of Physicians (except Mental Health Specialists): $2,141,987.
  • 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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Same industry in New York