Cuttler Produce, Inc.
Cuttler Produce, Inc. is a fresh fruit and vegetable merchant wholesaler located in Tinton Falls, New Jersey. The company was approved for an SBA 504 loan to finance real estate or equipment, with an SBA portion of $4,294,000 and a total project amount of $5,250,000, through Provident Bank and the Trenton Business Assistance Corporation, with an approval date of March 8, 2024.
SBA 504 loan, approved Mar 8, 2024
$4,294,000 SBA portionCDC: Trenton Business Assistance Corporation25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $4,294,000
- Bank portion
- $5,250,000
- Estimated project size
- $10,604,444 (estimated)
- Estimated owner equity
- $1,060,444 (estimated, about 10% of the project)
- Bank lender
- Provident Bank, Jersey City, NJ
- Processing method
- 504 Basic: standard SBA processing through a CDC
- Term
- 25 years (300 months)
- Estimated maturity
- March 8, 2049 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 424480, Fresh Fruit and Vegetable Merchant Wholesalers
- Project location
- Monmouth County, NJ
- SBA district office
- New Jersey District Office
- Congressional district
- NJ-4
- Collateral
- Yes
Estimated share of project by source
Bank 50% SBA (CDC) 40% Owner 10%
- Average expansion loan in Fresh Fruit and Vegetable Merchant Wholesalers: $2,999,875.
- 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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