Sasco Construction Service LLC
Sasco Construction Service LLC is located in Brooklyn, New York, and operates in new single-family housing construction, excluding for-sale builders. The company was approved for an SBA 504 loan with an SBA portion of $1,451,000, processed through Empire State Certified Development Corporation with Webster Bank National Association as the lending partner, with an approval date of January 31, 2025.
SBA 504 loan, approved Jan 31, 2025
$1,451,000 SBA portionCDC: Empire State Certified Development Corporation25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $1,451,000
- Bank portion
- $1,420,000
- Estimated project size
- $3,190,000 (estimated)
- Estimated owner equity
- $319,000 (estimated, about 10% of the project)
- Bank lender
- Webster Bank National Association, Waterbury, CT
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- January 31, 2050 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Business type
- Corporation
- NAICS
- 236115, New Single-Family Housing Construction (except For-Sale Builders)
- Project location
- Kings County, NY
- SBA district office
- New York District Office
- Congressional district
- NY-7
- Collateral
- Yes
Estimated share of project by source
Bank 45% SBA (CDC) 45% Owner 10%
- Larger than 65% of expansion loans in New Single-Family Housing Construction (except For-Sale Builders) on this site.
- Average expansion loan in New Single-Family Housing Construction (except For-Sale Builders): $1,511,043.
- 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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