Castelle Baan , LLC
Castelle Baan, LLC is a caterer located in White Plains, New York, with a NAICS code of 722320. The company financed real estate or equipment through an SBA 504 loan approved on February 8, 2024, with a SBA portion of $1,312,000 from the lender First Bank of the Lake and the certified development company Empire State Certified Development Corporation, and the loan reported 7 jobs.
SBA 504 loan, approved Feb 8, 2024
$1,312,000 SBA portionCDC: Empire State Certified Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,312,000
- Bank portion
- $1,294,823
- Estimated project size
- $2,896,470 (estimated)
- Estimated owner equity
- $289,647 (estimated, about 10% of the project)
- Bank lender
- First Bank of the Lake, Osage Beach, MO
- Processing method
- 504 Refinancing: refinances existing business debt
- Term
- 25 years (300 months)
- Estimated maturity
- February 8, 2049 (estimated, approval date plus term)
- First disbursement
- May 15, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 7
- Business type
- Corporation
- NAICS
- 722320, Caterers
- Project location
- Westchester County, NY
- SBA district office
- New York District Office
- Congressional district
- NY-17
- Collateral
- Yes
Estimated share of project by source
Bank 45% SBA (CDC) 45% Owner 10%
- Larger than 30% of expansion loans in Caterers on this site.
- Average expansion loan in Caterers: $1,887,963.
- 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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