Victory Truck Body Inc
Victory Truck Body Inc, located in Glassboro, New Jersey, operates in the heavy duty truck manufacturing industry (NAICS 336120). The business was financed with an SBA 504 loan, which financed real estate or equipment through an SBA 504 loan with a $4,779,000 SBA portion, approved on August 21, 2024 through Century Savings Bank and the Trenton Business Assistance Corporation.
SBA 504 loan, approved Aug 21, 2024
$4,779,000 SBA portionCDC: Trenton Business Assistance Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $4,779,000
- Bank portion
- $5,844,000
- Estimated project size
- $11,803,333 (estimated)
- Estimated owner equity
- $1,180,333 (estimated, about 10% of the project)
- Bank lender
- Century Savings Bank, Vineland, NJ
- Processing method
- 504 Basic: standard SBA processing through a CDC
- Term
- 25 years (300 months)
- Estimated maturity
- August 21, 2049 (estimated, approval date plus term)
- First disbursement
- Apr 15, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 336120, Heavy Duty Truck Manufacturing
- 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 50% SBA (CDC) 40% Owner 10%
- Average expansion loan in Heavy Duty Truck Manufacturing: $2,940,667.
- 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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