Winston Manufacturing
Winston Manufacturing is located in Opa-locka, FL, and the SBA lists its industry as Other Leather and Allied Product Manufacturing. It was approved for an SBA 504 loan ($2,076,000 SBA portion) on November 6, 2023 to finance real estate or equipment.
SBA 504 loan, approved Nov 6, 2023
- SBA (CDC) portion
- $2,076,000
- Bank portion
- $2,540,000
- Estimated project size
- $5,128,889 (estimated)
- Estimated owner equity
- $512,889 (estimated, about 10% of the project)
- Bank lender
- First-Citizens Bank & Trust Company, Raleigh, NC
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- November 6, 2048 (estimated, approval date plus term)
- First disbursement
- Apr 17, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 316990, Other Leather and Allied Product Manufacturing
- Project location
- Miami-Dade County, FL
- SBA district office
- South Florida District Office
- Congressional district
- FL-24
- Collateral
- Yes
Estimated share of project by source
Bank 50% SBA (CDC) 40% Owner 10%
- Average expansion loan in Other Leather and Allied Product Manufacturing: $1,770,000.
- 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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