Main Street Registry

Synergy Thermal Foils, Inc.

Fort Pierce, FL · Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers · NAICS 423310

Synergy Thermal Foils, Inc. is a business in Fort Pierce, Florida, in the lumber, plywood, millwork, and wood panel merchant wholesalers industry. The company financed real estate or equipment through an SBA 504 loan of $2,322,000 approved on April 29, 2024, with Truist Bank as the lender and Florida Business Development Corporation as the certified development company.

SBA 504 loan, approved Apr 29, 2024

$2,322,000 SBA portionCDC: Florida Business Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$2,322,000
Bank portion
$2,885,000
Estimated project size
$5,785,556 (estimated)
Estimated owner equity
$578,556 (estimated, about 10% of the project)
Bank lender
Truist Bank, Charlotte, NC
CDC
Florida Business Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
April 29, 2049 (estimated, approval date plus term)
First disbursement
Jul 15, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
12
Business type
Corporation
NAICS
423310, Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers
Project location
Saint Lucie County, FL
SBA district office
South Florida District Office
Congressional district
FL-18
Collateral
Yes

Estimated share of project by source

Bank 50% SBA (CDC) 40% Owner 10%

  • Larger than 54% of expansion loans in Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers on this site.
  • Average expansion loan in Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers: $2,675,615.
  • 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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Same industry in Florida