Main Street Registry

Dr. Buzz Medical P.C.

Brooklyn, NY · Offices of Physicians (except Mental Health Specialists) · NAICS 621111

Dr. Buzz Medical P.C. is an office of physicians (except mental health specialists) located in Brooklyn, NY. The business financed real estate or equipment through an SBA 504 loan of $2,711,000, with Wells Fargo Bank National Association as the bank and Empire State Certified Development Corporation as the certified development company, approved on September 24, 2024.

SBA 504 loan, approved Sep 24, 2024

$2,711,000 SBA portionCDC: Empire State Certified Development Corporation25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$2,711,000
Bank portion
$3,309,372
Estimated project size
$6,689,302 (estimated)
Estimated owner equity
$668,930 (estimated, about 10% of the project)
Bank lender
Wells Fargo Bank National Association, Sioux Falls, SD
CDC
Empire State Certified Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
September 24, 2049 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
21
Business type
Corporation
NAICS
621111, Offices of Physicians (except Mental Health Specialists)
Project location
Kings County, NY
SBA district office
New York District Office
Congressional district
NY-8
Collateral
Yes

Estimated share of project by source

Bank 49% SBA (CDC) 41% Owner 10%

  • Larger than 78% of expansion loans in Offices of Physicians (except Mental Health Specialists) on this site.
  • Average expansion loan in Offices of Physicians (except Mental Health Specialists): $2,141,987.
  • Average expansion loan in New York: $2,225,161.

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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Same industry in New York