Northern Container Corporation
Northern Container Corporation is located in Holbrook, MA, and the SBA lists its industry as Industrial and Personal Service Paper Merchant Wholesalers. It was approved for an SBA 504 loan ($4,936,000 SBA portion) on July 17, 2024 to finance real estate or equipment.
SBA 504 loan, approved Jul 17, 2024
- SBA (CDC) portion
- $4,936,000
- Bank portion
- $7,526,000
- Estimated project size
- $13,846,667 (estimated)
- Estimated owner equity
- $1,384,667 (estimated, about 10% of the project)
- Bank lender
- South Shore Bank, Weymouth, MA
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- July 17, 2049 (estimated, approval date plus term)
- First disbursement
- Nov 13, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 424130, Industrial and Personal Service Paper Merchant Wholesalers
- Project location
- Norfolk County, MA
- SBA district office
- Massachusetts District Office
- Congressional district
- MA-8
- Collateral
- Yes
Estimated share of project by source
Bank 54% SBA (CDC) 36% Owner 10%
- Average expansion loan in Industrial and Personal Service Paper Merchant Wholesalers: $4,268,500.
- Average expansion loan in Massachusetts: $2,009,683.
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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