Main Street Registry

Farroukh Hafeez and Samena Hafeez and 786 Barnett LLC

Flushing, NY · Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers · NAICS 423610

Farroukh Hafeez and Samena Hafeez and 786 Barnett LLC is a business in Flushing, NY, in the electrical apparatus, wiring supplies, and related equipment merchant wholesale industry (NAICS 423610).

SBA 504 loan, approved Dec 20, 2024

$1,002,000 SBA portionCDC: Empire State Certified Development Corporation25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$1,002,000
Bank portion
$1,040,800
Estimated project size
$2,269,778 (estimated)
Estimated owner equity
$226,978 (estimated, about 10% of the project)
Bank lender
New York Business Development Corporation, Latham, NY
CDC
Empire State Certified Development Corporation
Processing method
504 Basic: standard SBA processing through a CDC
Term
25 years (300 months)
Estimated maturity
December 20, 2049 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
3
Business type
Corporation
NAICS
423610, Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers
Project location
Queens County, NY
SBA district office
New York District Office
Congressional district
NY-6
Collateral
Yes

Estimated share of project by source

Bank 46% SBA (CDC) 44% Owner 10%

  • Average expansion loan in Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers: $2,444,062.
  • 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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in New York