Ringwood Castle LLC
Ringwood Castle LLC is a business in Ringwood, New Jersey, in the outpatient mental health and substance abuse centers industry (NAICS 621420). The company was approved for an SBA 504 loan of $5,000,000, which financed real estate or equipment through an SBA 504 loan, with Columbia Bank as the partner lender and Trenton Business Assistance Corporation as the certified development company, and the approval date was April 22, 2024.
SBA 504 loan, approved Apr 22, 2024
$5,000,000 SBA portionCDC: Trenton Business Assistance Corporation25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $5,000,000
- Bank portion
- $11,844,607
- Estimated project size
- $18,716,230 (estimated)
- Estimated owner equity
- $1,871,623 (estimated, about 10% of the project)
- Bank lender
- Columbia Bank, Fair Lawn, NJ
- Processing method
- 504 Basic: standard SBA processing through a CDC
- Term
- 25 years (300 months)
- Estimated maturity
- April 22, 2049 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 200
- Business type
- Corporation
- NAICS
- 621420, Outpatient Mental Health and Substance Abuse Centers
- Project location
- Passaic County, NJ
- SBA district office
- New Jersey District Office
- Congressional district
- NJ-5
- Collateral
- Yes
Estimated share of project by source
Bank 63% SBA (CDC) 27% Owner 10%
- Average expansion loan in Outpatient Mental Health and Substance Abuse Centers: $2,486,444.
- Average expansion loan in New Jersey: $2,533,058.
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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