Designer Properties, LLC
Designer Properties, LLC is located in East Providence, RI, and the SBA lists its industry as Other Foundation, Structure, and Building Exterior Contractors. It was approved for an SBA 504 loan ($1,802,000 SBA portion) on October 30, 2024 to finance real estate or equipment.
SBA 504 loan, approved Oct 30, 2024
- SBA (CDC) portion
- $1,802,000
- Bank portion
- $1,250,000
- Estimated project size
- $3,391,111 (estimated)
- Estimated owner equity
- $339,111 (estimated, about 10% of the project)
- Bank lender
- Centreville Bank, West Warwick, RI
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- October 30, 2049 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 21
- Business type
- Corporation
- NAICS
- 238190, Other Foundation, Structure, and Building Exterior Contractors
- Project location
- Providence County, RI
- SBA district office
- Massachusetts District Office
- Congressional district
- RI-1
- Collateral
- Yes
Estimated share of project by source
Bank 37% SBA (CDC) 53% Owner 10%
- Average expansion loan in Other Foundation, Structure, and Building Exterior Contractors: $1,619,000.
- Average expansion loan in Rhode Island: $1,662,733.
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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