Custom Coach of New England Inc.
Custom Coach of New England Inc. is a charter bus company in Gorham, Maine, in the charter bus industry (NAICS 485510). The company financed real estate or equipment through an SBA 504 loan with an SBA portion of $1,352,000, approved on January 4, 2024, with Northfield Savings Bank as the lender and Granite State Economic Development Corporation as the certified development company.
SBA 504 loan, approved Jan 4, 2024
$1,352,000 SBA portionCDC: Granite State Economic Development Corporation20 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,352,000
- Bank portion
- $1,650,000
- Estimated project size
- $3,335,556 (estimated)
- Estimated owner equity
- $333,556 (estimated, about 10% of the project)
- Bank lender
- Northfield Savings Bank, Northfield, VT
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 20 years (240 months)
- Estimated maturity
- January 4, 2044 (estimated, approval date plus term)
- First disbursement
- May 15, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 40
- Business type
- Corporation
- NAICS
- 485510, Charter Bus Industry
- Project location
- Cumberland County, ME
- SBA district office
- Maine District Office
- Congressional district
- ME-1
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Average expansion loan in Charter Bus Industry: $1,769,571.
- Average expansion loan in Maine: $2,027,182.
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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