Glass Works
Glass Works, located in Pompano Beach, Florida, operates in the flat glass manufacturing industry (NAICS 327211). The company financed real estate or equipment through an SBA 504 loan of $1,569,000, approved on June 13, 2024, with BankUnited, National Association as the lender and Florida First Capital Finance Corporation, Inc. as the certified development company.
SBA 504 loan, approved Jun 13, 2024
$1,569,000 SBA portionCDC: Florida First Capital Finance Corporation, Inc.25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,569,000
- Bank portion
- $1,919,500
- Estimated project size
- $3,876,111 (estimated)
- Estimated owner equity
- $387,611 (estimated, about 10% of the project)
- Bank lender
- BankUnited, National Association, Miami Lakes, FL
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- June 13, 2049 (estimated, approval date plus term)
- First disbursement
- Nov 13, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 3
- Business type
- Corporation
- NAICS
- 327211, Flat Glass Manufacturing
- Project location
- Broward County, FL
- SBA district office
- South Florida District Office
- Congressional district
- FL-20
- Collateral
- Yes
Estimated share of project by source
Bank 50% SBA (CDC) 40% Owner 10%
- Average expansion loan in Flat Glass Manufacturing: $2,590,400.
- 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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