Saybrook Property North LLC
Saybrook Property North LLC, located in Old Saybrook, Connecticut, operates in the New Car Dealers industry (NAICS 441110) and is a franchised business under a Nissan North America, Inc. dealer sales and service agreement. The company financed real estate or equipment through an SBA 504 loan of $1,264,000, approved on April 23, 2025, through Essex Bank and the Community Investment Corporation, and the loan reports 15 jobs.
SBA 504 loan, approved Apr 23, 2025
$1,264,000 SBA portionCDC: Community Investment Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,264,000
- Bank portion
- $1,861,990
- Estimated project size
- $3,473,322 (estimated)
- Estimated owner equity
- $347,332 (estimated, about 10% of the project)
- Bank lender
- Essex Bank, Essex, CT
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- April 23, 2050 (estimated, approval date plus term)
- First disbursement
- Sep 17, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 15
- Business type
- Corporation
- NAICS
- 441110, New Car Dealers
- Franchise
- Nissan North America, Inc. - Dealer Sales and Service Agreement
- Project location
- Lower Ct River Vly County, CT
- SBA district office
- Connecticut District Office
- Congressional district
- CT-2
- Collateral
- Yes
Estimated share of project by source
Bank 54% SBA (CDC) 36% Owner 10%
- Larger than 3% of expansion loans in New Car Dealers on this site.
- Average expansion loan in New Car Dealers: $3,138,111.
- Average expansion loan in Connecticut: $2,313,333.
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 Connecticut
- Dan Perkins Subaru Inc., Milford
- Saybrook Property LLC, Old Saybrook
- WDFC Real LLC, East Hartford