Adam's Apple Fruit & Vegetables LLC
Adam's Apple Fruit & Vegetables LLC is a general line grocery merchant wholesaler located in Farmingdale, New York. The company was approved for an SBA 504 loan that financed real estate or equipment through an SBA 504 loan with an SBA portion of $1,356,000, approved on September 24, 2026, through Servbank National Association and Empire State Certified Development Corporation.
SBA 504 loan, approved Sep 24, 2026
$1,356,000 SBA portionCDC: Empire State Certified Development Corporation25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $1,356,000
- Bank portion
- $1,650,000
- Estimated project size
- $3,340,000 (estimated)
- Estimated owner equity
- $334,000 (estimated, about 10% of the project)
- Bank lender
- Servbank National Association, Oswego, IL
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- September 24, 2051 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 424410, General Line Grocery 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 49% SBA (CDC) 41% Owner 10%
- Larger than 17% of expansion loans in General Line Grocery Merchant Wholesalers on this site.
- Average expansion loan in General Line Grocery Merchant Wholesalers: $2,655,652.
- 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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