Main Street Registry

Pinnacle Medical Services, P.C.

New York, NY · Offices of Physicians (except Mental Health Specialists) · NAICS 621111

Pinnacle Medical Services, P.C., located in New York, NY, operates in the Offices of Physicians (except Mental Health Specialists) industry. The business financed real estate or equipment through an SBA 504 loan of $2.3 million, approved April 1, 2024, through the Empire State Certified Development Corporation with the New York Business Development Corporation as the partner lender.

SBA 504 loan, approved Apr 1, 2024

$2,300,000 SBA portionCDC: Empire State Certified Development Corporation25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$2,300,000
Bank portion
$2,940,500
Estimated project size
$5,822,778 (estimated)
Estimated owner equity
$582,278 (estimated, about 10% of the project)
Bank lender
New York Business Development Corporation, Latham, NY
CDC
Empire State Certified Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
April 1, 2049 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
4
Business type
Corporation
NAICS
621111, Offices of Physicians (except Mental Health Specialists)
Project location
New York County, NY
SBA district office
New York District Office
Congressional district
NY-13
Collateral
Yes

Estimated share of project by source

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

  • Larger than 67% of expansion loans in Offices of Physicians (except Mental Health Specialists) on this site.
  • Average expansion loan in Offices of Physicians (except Mental Health Specialists): $2,141,987.
  • 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