Select Home Warranty LLC
Select Home Warranty LLC is an appliance repair and maintenance business located in Brooklyn, New York. The company financed real estate or equipment through an SBA 504 loan of $4,770,000 (the SBA portion), with the loan approved on April 23, 2024 through The Bancorp Bank National Association and Empire State Certified Development Corporation.
SBA 504 loan, approved Apr 23, 2024
$4,770,000 SBA portionCDC: Empire State Certified Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $4,770,000
- Bank portion
- $5,833,333
- Estimated project size
- $11,781,481 (estimated)
- Estimated owner equity
- $1,178,148 (estimated, about 10% of the project)
- Bank lender
- The Bancorp Bank National Association, Sioux Falls, SD
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- April 23, 2049 (estimated, approval date plus term)
- First disbursement
- Jan 14, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 811412, Appliance Repair and Maintenance
- Project location
- Kings County, NY
- SBA district office
- New York District Office
- Congressional district
- NY-8
- Collateral
- Yes
Estimated share of project by source
Bank 50% SBA (CDC) 40% Owner 10%
- Average expansion loan in Appliance Repair and Maintenance: $4,770,000.
- 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.
Is this your company? Claim or correct this listing. See Corrections.