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Standard Structure-SBA

Total 504 Project $1,000,000


Sources of Funds

Bank $500,000
SBA 504 Program $400,000
Equity $100,000
Total $1,000,000


Uses of Funds

Property acquisition $700,000
Improvements $280,000
Contingency & soft costs $ 20,000
Total $1,000,000

The SBA 504 loan proceeds were used for the purchase and improvement of an existing two story building in the City of Pittsburgh.
The move from their current facility will provide additional space needed for expansion.

Twelve new jobs will be created within the next two years as a result of the 504 project.



State Loan Participation-SBA

Total 504 Project $827,500


Sources of Funds

Bank $413,750
SBA 504 Program $165,500
State Loan Program $165,500
Equity $ 82,750
Total $827,500


Uses of Funds

Purchase Land $250,000
Building Construction $550,000
Professional Fees $ 27,500
Total $827,500

Project loan proceeds will fund the purchase of 6 ½ acres of land including a house which will be used for offices, and the construction of a new 12,000 square foot building.

At least five new full time equivalent jobs will be created within two years which will meet the SBA job creation requirement.



Machinery and Equipment-SBA

Total 504 Project $1,075,000

The business will meet the SBA’s Public Policy Goal of rural development and also the Community Development goal of assisting manufacturing firms.


Sources of Funds

Bank $537,500
SBA 504 Program $337,500
Equity $200,000
Total $1,075,000



Uses of Funds

Machinery & Equipment $1,063,000
Furniture & Fixtures $12,000
Total $1,075,000

Loan proceeds will fund the purchase of new and used machinery and equipment and a small quantity of furniture and fixtures for this start-up manufacturing company.

The business will meet the SBA’s Public Policy Goal of rural development and also the Community Development goal of assisting manufacturing firms.

The business will also satisfy the SBA job creation requirements by creating 16 new full time equivalent jobs withintwo years.



Standard Structure-EDA County

Total Project: $150,000


Sources of Funds

Bank $80,000
EDA-County $50,000 (33%)
Equity $20,000
Total $150,000


Uses of Funds

Purchase Real Estate $80,000
Improvements $50,000
FF&E $40,000
Working Capital $15,000
Total $150,000

RDFC’s EDA County loan will be utilized for the acquisition of property and for the purchase of state of the art equipment.

 
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Regional Development Funding Corporation
3856 South Water Street
Pittsburgh, PA 15203
Phone: 412.471.1030
Fax: 412.471.3902
 
 


 
 
 
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