Main Street Registry

Scholet Furniture

Oneonta, NY · Furniture Retailers · NAICS 449110

Scholet Furniture, located in Oneonta, NY, is in the furniture retailers industry (NAICS 449110). The business was approved for an SBA 504 loan with an SBA portion of $1,386,000 through the Empire State Certified Development Corporation, with NBT Bank, National Association as the bank partner. The loan approval date is July 31, 2026, and the project is reported as supporting 24 jobs.

SBA 504 loan, approved Jul 31, 2026

$1,386,000 SBA portionCDC: Empire State Certified Development Corporation25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$1,386,000
Bank portion
$1,350,000
Estimated project size
$3,040,000 (estimated)
Estimated owner equity
$304,000 (estimated, about 10% of the project)
Bank lender
NBT Bank, National Association, Norwich, NY
CDC
Empire State Certified Development Corporation
Processing method
504 Refinancing: refinances existing business debt
Term
25 years (300 months)
Estimated maturity
July 31, 2051 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
24
Business type
Corporation
NAICS
449110, Furniture Retailers
Project location
Otsego County, NY
SBA district office
Syracuse District Office
Congressional district
NY-19
Collateral
Yes

Estimated share of project by source

Bank 44% SBA (CDC) 46% Owner 10%

  • Larger than 18% of expansion loans in Furniture Retailers on this site.
  • Average expansion loan in Furniture Retailers: $2,338,737.
  • 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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Same industry in New York