Sefi Fabricators; IMC Teddy; Bayone Stainless Products
Sefi Fabricators; IMC Teddy; Bayone Stainless Products is located in Amityville, NY, and operates in iron and steel mills and ferroalloy manufacturing (NAICS 331110). The business financed real estate or equipment through an SBA 504 loan of $3,127,000, approved on March 6, 2026, through Bank of America, National Association, with Empire State Certified Development Corporation as the certified development company.
SBA 504 loan, approved Mar 6, 2026
$3,127,000 SBA portionCDC: Empire State Certified Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $3,127,000
- Bank portion
- $3,775,000
- Estimated project size
- $7,668,889 (estimated)
- Estimated owner equity
- $766,889 (estimated, about 10% of the project)
- Bank lender
- Bank of America, National Association, Charlotte, NC
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- March 6, 2051 (estimated, approval date plus term)
- First disbursement
- Jun 17, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 331110, Iron and Steel Mills and Ferroalloy Manufacturing
- Project location
- Suffolk County, NY
- SBA district office
- New York District Office
- Congressional district
- NY-2
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Average expansion loan in Iron and Steel Mills and Ferroalloy Manufacturing: $3,337,667.
- 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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