44 AK Property Holding LLC
44 AK Property Holding LLC is located in South Brunswick, New Jersey, and its SBA-published industry is All Other Specialty Food Retailers. The company financed real estate or equipment through an SBA 504 loan of $3.11 million, approved on October 13, 2023, with Provident Bank as the lender and Trenton Business Assistance Corporation as the certified development company.
SBA 504 loan, approved Oct 13, 2023
$3,110,000 SBA portionCDC: Trenton Business Assistance Corporation25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $3,110,000
- Bank portion
- $3,801,871
- Estimated project size
- $7,679,857 (estimated)
- Estimated owner equity
- $767,986 (estimated, about 10% of the project)
- Bank lender
- Provident Bank, Jersey City, NJ
- Processing method
- 504 Basic: standard SBA processing through a CDC
- Term
- 25 years (300 months)
- Estimated maturity
- October 13, 2048 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 16
- Business type
- Corporation
- NAICS
- 445298, All Other Specialty Food Retailers
- Project location
- Middlesex County, NJ
- SBA district office
- New Jersey District Office
- Congressional district
- NJ-12
- Collateral
- Yes
Estimated share of project by source
Bank 50% SBA (CDC) 40% Owner 10%
- Larger than 60% of expansion loans in All Other Specialty Food Retailers on this site.
- Average expansion loan in All Other Specialty Food Retailers: $2,526,500.
- 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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