Vita Warehouse Corp.
Vita Warehouse Corp. is a drugs and druggists' sundries merchant wholesaler located in Bohemia, New York, classified under NAICS code 424210. The company financed real estate or equipment through an SBA 504 loan of $2,985,000, with a total project amount of $3,650,000, approved on October 16, 2023 through M&T Bank Corporation and the Empire State Certified Development Corporation.
SBA 504 loan, approved Oct 16, 2023
$2,985,000 SBA portionCDC: Empire State Certified Development Corporation10 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $2,985,000
- Bank portion
- $3,650,000
- Estimated project size
- $7,372,222 (estimated)
- Estimated owner equity
- $737,222 (estimated, about 10% of the project)
- Bank lender
- M&T Bank Corporation, Buffalo, NY
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 10 years (120 months)
- Estimated maturity
- October 16, 2033 (estimated, approval date plus term)
- First disbursement
- Mar 13, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 15
- Business type
- Corporation
- NAICS
- 424210, Drugs and Druggists' Sundries Merchant Wholesalers
- Project location
- Suffolk County, NY
- SBA district office
- New York District Office
- Congressional district
- NY-2
- Collateral
- Yes
Estimated share of project by source
Bank 50% SBA (CDC) 40% Owner 10%
- Average expansion loan in Drugs and Druggists' Sundries Merchant Wholesalers: $2,482,000.
- 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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