Pumas Upholstery Corp.
Pumas Upholstery Corp. is a business in Glendale, New York, in the reupholstery and furniture repair industry. It financed real estate or equipment through an SBA 504 loan of $2,275,000, approved on February 5, 2026, with OceanFirst Bank, National Association as the bank partner and Empire State Certified Development Corporation as the CDC.
SBA 504 loan, approved Feb 5, 2026
$2,275,000 SBA portionCDC: Empire State Certified Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $2,275,000
- Bank portion
- $2,756,000
- Estimated project size
- $5,590,000 (estimated)
- Estimated owner equity
- $559,000 (estimated, about 10% of the project)
- Bank lender
- OceanFirst Bank, National Association, Toms River, NJ
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- February 5, 2051 (estimated, approval date plus term)
- First disbursement
- Jul 15, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 811420, Reupholstery and Furniture Repair
- Project location
- Queens County, NY
- SBA district office
- New York District Office
- Congressional district
- NY-6
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Average expansion loan in Reupholstery and Furniture Repair: $1,515,600.
- 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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