N.E.T. & Die, Inc.
N.E.T. & Die, Inc. is located in Fulton, New York, and operates in cutting tool and machine tool accessory manufacturing. The company financed real estate or equipment through an SBA 504 loan with an SBA portion of $2,303,000, approved on July 23, 2024, through Tompkins Community Bank and Empire State Certified Development Corporation.
SBA 504 loan, approved Jul 23, 2024
$2,303,000 SBA portionCDC: Empire State Certified Development Corporation25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $2,303,000
- Bank portion
- $2,804,500
- Estimated project size
- $5,675,000 (estimated)
- Estimated owner equity
- $567,500 (estimated, about 10% of the project)
- Bank lender
- Tompkins Community Bank, Ithaca, NY
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- July 23, 2049 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 333515, Cutting Tool and Machine Tool Accessory Manufacturing
- Project location
- Oswego County, NY
- SBA district office
- Syracuse District Office
- Congressional district
- NY-24
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Average expansion loan in Cutting Tool and Machine Tool Accessory Manufacturing: $1,540,667.
- 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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