H.Q. 1 Inc.
H.Q. 1 Inc. is located in Bohemia, NY, and the SBA lists its industry as Insurance Agencies and Brokerages. It was approved for an SBA 504 loan ($1,147,000 SBA portion) on May 21, 2025 to finance real estate or equipment.
SBA 504 loan, approved May 21, 2025
- SBA (CDC) portion
- $1,147,000
- Bank portion
- $1,403,000
- Estimated project size
- $2,833,333 (estimated)
- Estimated owner equity
- $283,333 (estimated, about 10% of the project)
- Bank lender
- Hanover Community Bank, Mineola, NY
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- May 21, 2050 (estimated, approval date plus term)
- First disbursement
- Aug 13, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 3
- Business type
- Corporation
- NAICS
- 524210, Insurance Agencies and Brokerages
- Project location
- Suffolk County, NY
- SBA district office
- New York District Office
- Congressional district
- NY-2
- Collateral
- Yes
Estimated share of project by source
Bank 50% SBA (CDC) 40% Owner 10%
- Larger than 25% of expansion loans in Insurance Agencies and Brokerages on this site.
- Average expansion loan in Insurance Agencies and Brokerages: $1,924,000.
- 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
- Gancfried Insurance Brokerage Inc., Brooklyn
- Rullo Agency Group, LLC, Latham
- The Garone Group Inc., Patchogue
- Safeside Insurance Brokerage Inc., Spring Valley
- Alex Cabrera Agency Inc., Islip Terrace
- Shimon Agency Group Inc., Fresh Meadows
- E.g. Bowman Co., Inc., New York