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Midtown Manhattan, NY — $600,000 SBA Business Financing
A $600,000 SBA business financing on a restaurant build-out in Midtown Manhattan, NY.
$600,000
Loan Amount:
LTV %:
N/A
Midtown Manhattan
City:
Restaurant Build-Out — dim-sum chain 5th location (SBA 7a, no real estate collateral)
Property Type:
Business Financing
Transaction Type:
A business owner set out to business financing a restaurant build-out in Midtown Manhattan, NY for their own operations — the kind of owner-occupied deal conventional lenders tend to slow-walk.
Essencap structured the financing for $600,000, underwriting the owner-occupied business case rather than forcing it into a rigid box.
Owning the property gave the business a stable base to operate and grow from.
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