Beachway New Jersey, LLC
Beachway New Jersey, LLC, located in Califon, NJ, operates in outpatient mental health and substance abuse centers. The company financed real estate or equipment through an SBA 504 loan of $1,593,000, with United Community Bank as the lender and a loan approval date of September 10, 2024.
SBA 504 loan, approved Sep 10, 2024
$1,593,000 SBA portionCDC: Florida First Capital Finance Corporation, Inc.25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $1,593,000
- Bank portion
- $2,627,465
- Estimated project size
- $4,689,406 (estimated)
- Estimated owner equity
- $468,941 (estimated, about 10% of the project)
- Bank lender
- United Community Bank, Greenville, SC
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- September 10, 2049 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 25
- Business type
- Corporation
- NAICS
- 621420, Outpatient Mental Health and Substance Abuse Centers
- Project location
- Hunterdon County, NJ
- SBA district office
- New Jersey District Office
- Congressional district
- NJ-7
- Collateral
- Yes
Estimated share of project by source
Bank 56% SBA (CDC) 34% Owner 10%
- Average expansion loan in Outpatient Mental Health and Substance Abuse Centers: $2,486,444.
- 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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