Diversified Material Specialists Inc.
Diversified Material Specialists Inc. is located in North Venice, FL, and the SBA lists its industry as Fiber Optic Cable Manufacturing. It was approved for an SBA 504 loan ($3,314,000 SBA portion) on November 13, 2024 to finance real estate or equipment.
SBA 504 loan, approved Nov 13, 2024
- SBA (CDC) portion
- $3,314,000
- Bank portion
- $1,012,500
- Estimated project size
- $4,807,222 (estimated)
- Estimated owner equity
- $480,722 (estimated, about 10% of the project)
- Bank lender
- JPMorgan Chase Bank, National Association, Columbus, OH
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- November 13, 2049 (estimated, approval date plus term)
- First disbursement
- Jul 16, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 20
- Business type
- Corporation
- NAICS
- 335921, Fiber Optic Cable Manufacturing
- Project location
- Sarasota County, FL
- SBA district office
- South Florida District Office
- Congressional district
- FL-17
- Collateral
- Yes
Estimated share of project by source
Bank 21% SBA (CDC) 69% Owner 10%
- Average expansion loan in Fiber Optic Cable Manufacturing: $3,314,000.
- 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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