Blackwater Properties Holding Corp.
Blackwater Properties Holding Corp. is a business located in Coral Springs, Florida, in the commercial and service industry machinery manufacturing sector (NAICS 333310). The company was approved for an SBA 504 loan of $1,416,000 on April 22, 2024, through Truist Bank with Florida First Capital Finance Corporation, Inc. as the certified development company, and the loan financed real estate or equipment through an SBA 504 loan.
SBA 504 loan, approved Apr 22, 2024
$1,416,000 SBA portionCDC: Florida First Capital Finance Corporation, Inc.25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $1,416,000
- Bank portion
- $1,600,000
- Estimated project size
- $3,351,111 (estimated)
- Estimated owner equity
- $335,111 (estimated, about 10% of the project)
- Bank lender
- Truist Bank, Atlanta, GA
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- April 22, 2049 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 25
- Business type
- Corporation
- NAICS
- 333310, Commercial and Service Industry Machinery Manufacturing
- Project location
- Broward County, FL
- SBA district office
- South Florida District Office
- Congressional district
- FL-22
- Collateral
- Yes
Estimated share of project by source
Bank 48% SBA (CDC) 42% Owner 10%
- Average expansion loan in Commercial and Service Industry Machinery Manufacturing: $2,005,000.
- 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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