Nuvo Cosmetics International
Nuvo Cosmetics International, located in Doral, Florida, operates in toilet preparation manufacturing (NAICS 325620). The company financed real estate or equipment through an SBA 504 loan of $5,000,000, approved on November 24, 2023 by JPMorgan Chase Bank, National Association, with Florida First Capital Finance Corporation, Inc. as the certified development company.
SBA 504 loan, approved Nov 24, 2023
$5,000,000 SBA portionCDC: Florida First Capital Finance Corporation, Inc.25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $5,000,000
- Bank portion
- $10,523,000
- Estimated project size
- $17,247,778 (estimated)
- Estimated owner equity
- $1,724,778 (estimated, about 10% of the project)
- Bank lender
- JPMorgan Chase Bank, National Association, Columbus, OH
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- November 24, 2048 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 80
- Business type
- Corporation
- NAICS
- 325620, Toilet Preparation Manufacturing
- Project location
- Miami-Dade County, FL
- SBA district office
- South Florida District Office
- Congressional district
- FL-25
- Collateral
- Yes
Estimated share of project by source
Bank 61% SBA (CDC) 29% Owner 10%
- Average expansion loan in Toilet Preparation Manufacturing: $5,250,000.
- 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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