Classic Metals Suppliers, Corp.
Classic Metals Suppliers, Corp. is a prefabricated metal building and component manufacturer located in Palmetto Bay, Florida. The company was financed with an SBA 504 loan of $2,593,000 that financed real estate or equipment, approved on March 27, 2024 through Banesco USA with Florida Business Development Corporation as the certified development company.
SBA 504 loan, approved Mar 27, 2024
$2,593,000 SBA portionCDC: Florida Business Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $2,593,000
- Bank portion
- $2,915,000
- Estimated project size
- $6,120,000 (estimated)
- Estimated owner equity
- $612,000 (estimated, about 10% of the project)
- Bank lender
- Banesco USA, Miami, FL
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- March 27, 2049 (estimated, approval date plus term)
- First disbursement
- Aug 13, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 332311, Prefabricated Metal Building and Component Manufacturing
- Project location
- Miami-Dade County, FL
- SBA district office
- South Florida District Office
- Congressional district
- FL-26
- Collateral
- Yes
Estimated share of project by source
Bank 48% SBA (CDC) 42% Owner 10%
- Average expansion loan in Prefabricated Metal Building and Component Manufacturing: $1,932,857.
- 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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