The Sapphire Grand
The Sapphire Grand, located in Almonesson, NJ, operates in the caterers industry (NAICS 722320). The company financed real estate or equipment through an SBA 504 loan of $1,474,000, approved on May 2, 2024, with Unity Bank as the lender and Trenton Business Assistance Corporation as the certified development company.
SBA 504 loan, approved May 2, 2024
- SBA (CDC) portion
- $1,474,000
- Bank portion
- $1,800,000
- Estimated project size
- $3,637,778 (estimated)
- Estimated owner equity
- $363,778 (estimated, about 10% of the project)
- Bank lender
- Unity Bank, Clinton, NJ
- Processing method
- 504 Basic: standard SBA processing through a CDC
- Term
- 25 years (300 months)
- Estimated maturity
- May 2, 2049 (estimated, approval date plus term)
- First disbursement
- Aug 14, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 1
- Business type
- Corporation
- NAICS
- 722320, Caterers
- Project location
- Gloucester County, NJ
- SBA district office
- New Jersey District Office
- Congressional district
- NJ-1
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 41% of expansion loans in Caterers on this site.
- Average expansion loan in Caterers: $1,887,963.
- 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.
Is this your company? Claim or correct this listing. See Corrections.
Same industry in New Jersey
- Sapphire Grand Deptford Inc, Deptford