Brothers Quality Halal Meat
Brothers Quality Halal Meat is a meat retailer in Paterson, New Jersey, classified under NAICS code 445240 (Meat Retailers). The business was approved for an SBA 504 loan of $1,016,000 for real estate or equipment, with Popular Bank as the lender and Trenton Business Assistance Corporation as the certified development company, with an approval date of January 27, 2025.
SBA 504 loan, approved Jan 27, 2025
$1,016,000 SBA portionCDC: Trenton Business Assistance Corporation25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $1,016,000
- Bank portion
- $1,239,500
- Estimated project size
- $2,506,111 (estimated)
- Estimated owner equity
- $250,611 (estimated, about 10% of the project)
- Bank lender
- Popular Bank, New York, NY
- Processing method
- 504 Basic: standard SBA processing through a CDC
- Term
- 25 years (300 months)
- Estimated maturity
- January 27, 2050 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 15
- Business type
- Corporation
- NAICS
- 445240, Meat Retailers
- Project location
- Passaic County, NJ
- SBA district office
- New Jersey District Office
- Congressional district
- NJ-9
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Average expansion loan in Meat Retailers: $1,772,714.
- 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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