ProAcademy Furniture
ProAcademy Furniture is a business located in North Brunswick, New Jersey, classified under the industry description Other Computer Related Services (NAICS 541519). The company financed real estate or equipment through an SBA 504 loan of $1,335,000, approved on June 27, 2024, with First Bank of the Lake as the lending bank and Trenton Business Assistance Corporation as the certified development company.
SBA 504 loan, approved Jun 27, 2024
$1,335,000 SBA portionCDC: Trenton Business Assistance Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,335,000
- Bank portion
- $1,630,000
- Estimated project size
- $3,294,444 (estimated)
- Estimated owner equity
- $329,444 (estimated, about 10% of the project)
- Bank lender
- First Bank of the Lake, Osage Beach, MO
- Processing method
- 504 Basic: standard SBA processing through a CDC
- Term
- 25 years (300 months)
- Estimated maturity
- June 27, 2049 (estimated, approval date plus term)
- First disbursement
- Oct 16, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 19
- Business type
- Corporation
- NAICS
- 541519, Other Computer Related Services
- Project location
- Middlesex County, NJ
- SBA district office
- New Jersey District Office
- Congressional district
- NJ-6
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 15% of expansion loans in Other Computer Related Services on this site.
- Average expansion loan in Other Computer Related Services: $2,183,615.
- Average expansion loan in New Jersey: $2,533,058.
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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