Storage Units New Milford
Storage Units New Milford is a business located in New Milford, Connecticut, in the Lessors of Miniwarehouses and Self-Storage Units industry (NAICS 531130). The business was approved for an SBA 504 loan of $4,968,000 through Bank Five Nine and Bay Colony Development Corporation, with an approval date of September 9, 2026, and the loan is financing real estate or equipment through an SBA 504 loan.
SBA 504 loan, approved Sep 9, 2026
$4,968,000 SBA portionCDC: Bay Colony Development Corporation25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $4,968,000
- Bank portion
- $6,235,500
- Estimated project size
- $12,448,333 (estimated)
- Estimated owner equity
- $1,244,833 (estimated, about 10% of the project)
- Bank lender
- Bank Five Nine, Oconomowoc, WI
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- September 9, 2051 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 531130, Lessors of Miniwarehouses and Self-Storage Units
- Project location
- NW Hills County, CT
- SBA district office
- Connecticut District Office
- Congressional district
- CT-5
- Collateral
- Yes
Estimated share of project by source
Bank 50% SBA (CDC) 40% Owner 10%
- Larger than 87% of expansion loans in Lessors of Miniwarehouses and Self-Storage Units on this site.
- Average expansion loan in Lessors of Miniwarehouses and Self-Storage Units: $2,754,774.
- 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
- Maplewood Self-Storage Center LLC, Wallingford