The Sapphire Grand
The Sapphire Grand is located in Almonesson, NJ, and the SBA lists its industry as Caterers. It was approved for an SBA 504 loan ($1,474,000 SBA portion) on May 2, 2024 to finance real estate or equipment.
SBA 504 loan, approved May 2, 2024
- SBA (CDC) portion
- $1,474,000
- Bank portion
- $1,800,000
- Estimated project size
- $3,637,778 (estimated)
- Estimated owner equity
- $363,778 (estimated, about 10% of the project)
- Bank lender
- Unity Bank, Clinton, NJ
- Processing method
- 504 Basic: standard SBA processing through a CDC
- Term
- 25 years (300 months)
- Estimated maturity
- May 2, 2049 (estimated, approval date plus term)
- First disbursement
- Aug 14, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 1
- Business type
- Corporation
- NAICS
- 722320, Caterers
- Project location
- Gloucester County, NJ
- SBA district office
- New Jersey District Office
- Congressional district
- NJ-1
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 41% of expansion loans in Caterers on this site.
- Average expansion loan in Caterers: $1,887,963.
- 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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Same industry in New Jersey
- Sapphire Grand Deptford Inc, Deptford