Arecibo Home Design, Inc.
Arecibo Home Design, Inc. is located in Toa Baja, PR, and the SBA lists its industry as Furniture Retailers. It was approved for an SBA 504 loan ($2,280,000 SBA portion) on August 9, 2024 to finance real estate or equipment.
SBA 504 loan, approved Aug 9, 2024
- SBA (CDC) portion
- $2,280,000
- Bank portion
- $2,846,300
- Estimated project size
- $5,695,889 (estimated)
- Estimated owner equity
- $569,589 (estimated, about 10% of the project)
- Bank lender
- Banco Popular de Puerto Rico, San Juan, PR
- Processing method
- 504 Basic: standard SBA processing through a CDC
- Term
- 25 years (300 months)
- Estimated maturity
- August 9, 2049 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 45
- Business type
- Corporation
- NAICS
- 449110, Furniture Retailers
- Project location
- Toa Baja County, PR
- SBA district office
- Puerto Rico and Usvi District Office
- Congressional district
- PR-0
- Collateral
- Yes
Estimated share of project by source
Bank 50% SBA (CDC) 40% Owner 10%
- Larger than 53% of expansion loans in Furniture Retailers on this site.
- Average expansion loan in Furniture Retailers: $2,338,737.
- Average expansion loan in Puerto Rico: $1,751,850.
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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Same industry in Puerto Rico
- El Piex Puertorriqueno, Inc., San Juan