Reliance Communications, LLC
Reliance Communications, LLC is located in Hauppauge, NY, and the SBA lists its industry as Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers. It was approved for an SBA 504 loan ($2,745,000 SBA portion) on February 26, 2024 to finance real estate or equipment.
SBA 504 loan, approved Feb 26, 2024
- SBA (CDC) portion
- $2,745,000
- Bank portion
- $3,355,000
- Estimated project size
- $6,777,778 (estimated)
- Estimated owner equity
- $677,778 (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
- February 26, 2049 (estimated, approval date plus term)
- First disbursement
- May 15, 2024
- Loan status
- Paid in full
- Business type
- Corporation
- NAICS
- 423610, Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers
- Project location
- Suffolk County, NY
- SBA district office
- New York District Office
- Congressional district
- NY-1
- Collateral
- Yes
Estimated share of project by source
Bank 50% SBA (CDC) 40% Owner 10%
- Larger than 69% of expansion loans in Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers on this site.
- Average expansion loan in Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers: $2,444,062.
- 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
- G & G Electric Supply Co. Inc., New York
- Xstatic Pro Lighting/ ProX Live Performance Gear, Staten Island
- Farroukh Hafeez and Samena Hafeez and 786 Barnett LLC, Flushing
- Dj Direct Inc, Brooklyn
- Imperial Sales, Melville