Recently Funded Deal: Nonhazardous Waste Treatment Facility
The 504 Company Helps Facilitate Large Equipment Purchase
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.
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.
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.
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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.