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Recently Funded Deal: Nonhazardous Waste Treatment Facility

Recently Funded Deal: Nonhazardous Waste Treatment Facility

The 504 Company Helps Facilitate Large Equipment Purchase

 

 

 

 

Situation: 

A Lindenhurst, NY-based nonhazardous waste treatment facility was growing operations to begin processing bio solids from wastewater treatment plants into fertilizer, and needed to make a significant equipment purchase in order to expand.

Solution: 

The SBA 504 loan program allowed the business to purchase and install over $8,000,000 in equipment, including scrubbers, pumps and injection nozzles, with only 10 percent owner equity contribution.

Impact:

The business increased its processing of bio solids by up to 450,000 gallons per day as a result of this expansion. Additionally, the project created 8 jobs directly and supported the continued growth of a business with 14 existing employees.

Have a deal to discuss? Contact a loan officer today. 


About The 504 Company 

We are mission-driven alternative lenders that provide creative financing solutions to help are We are mission-driven alternative lenders that provide creative financing solutions to help small businesses thrive. Throughout our 61-year history, we have provided thousands of small businesses—including start-ups, mature businesses, and minority- and women-owned businesses—with access to loans when they do not meet the requirements for traditional financing. We offer access to a suite of financing options that includes SBA 504 and Community Advantage loans, as well as online alternative loans, throughout New Jersey, New York, and Pennsylvania.

 

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