Main Street Registry

May Flower International, Inc.

Brooklyn, NY · Other Miscellaneous Nondurable Goods Merchant Wholesalers · NAICS 424990

May Flower International, Inc. is a business in Brooklyn, NY, in the Other Miscellaneous Nondurable Goods Merchant Wholesalers industry (NAICS 424990). The company was approved for an SBA 504 loan of $3,476,000 on November 7, 2023, through JPMorgan Chase Bank, National Association and the Empire State Certified Development Corporation, under which it financed real estate or equipment through an SBA 504 loan.

SBA 504 loan, approved Nov 7, 2023

$3,476,000 SBA portionCDC: Empire State Certified Development Corporation25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$3,476,000
Bank portion
$4,250,000
Estimated project size
$8,584,444 (estimated)
Estimated owner equity
$858,444 (estimated, about 10% of the project)
Bank lender
JPMorgan Chase Bank, National Association, Columbus, OH
CDC
Empire State Certified Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
November 7, 2048 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
1
Business type
Corporation
NAICS
424990, Other Miscellaneous Nondurable Goods Merchant Wholesalers
Project location
Kings County, NY
SBA district office
New York District Office
Congressional district
NY-7
Collateral
Yes

Estimated share of project by source

Bank 50% SBA (CDC) 40% Owner 10%

  • Larger than 81% of expansion loans in Other Miscellaneous Nondurable Goods Merchant Wholesalers on this site.
  • Average expansion loan in Other Miscellaneous Nondurable Goods Merchant Wholesalers: $2,330,259.
  • 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