SBA lending record

FARMCOT INC

3418 NORTHERN BLVD, Long Island City, NY 11101 · Other Farm Product Raw Material Merchant Wholesalers. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.

$1.4M

Total SBA financing

Loans on record

FY2020–22

On record

Jobs supported

● business — business location is the ZIP-area centroid from the public record

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All 3 loans

$1,100,000 — FY2022

Loan 1 of 3

Gross approval: $1,100,000
SBA guaranteed: $990,000 (90%)
Status: Paid in full
Rate at approval: 4.75% v
Term: 12 mo (1 yr)
Program: Preferred Lenders with EWCP
Subprogram: Revolving Line of Credit Expor
Loan type: Term loan
Purpose: Other / working capital
Approved: 12/20/2021
First disbursement: 12/31/2021
Days to fund: 11 days
Paid in full: 7/31/2023
Collateral: Required
Jobs supported: 3
Business type: Corporation
Business age: New Business or 2 years or less
Industry: Other Farm Product Raw Material Merchant Wholesalers
NAICS code: 424590
Lender: Manufacturers and Traders Trust Company
Address: 3418 NORTHERN BLVD
City: Long Island City, 11101
County: Queens
SBA district office: NEW YORK DISTRICT OFFICE
Congressional district: 12

$25,000 — FY2021

Loan 2 of 3

Gross approval: $25,000
SBA guaranteed: $12,500 (50%)
Status: Paid in full
Rate at approval: 8.74% v
Term: 120 mo (10 yr)
Program: SBA Express Program
Subprogram: FA$TRK (Small Loan Express)
Loan type: Term loan
Purpose: Other / working capital
Approved: 10/23/2020
First disbursement: 10/31/2020
Days to fund: 8 days
Paid in full: 3/31/2022
Collateral: None
Jobs supported: 3
Business type: Corporation
Business age: New Business or 2 years or less
Industry: Other Farm Product Raw Material Merchant Wholesalers
NAICS code: 424590
Lender: TD Bank, National Association
Address: 3418 NORTHERN BLVD SUITE 506
City: Long Island City, 11101
County: Queens
SBA district office: NEW YORK DISTRICT OFFICE
Congressional district: 12

$300,000 — FY2020

Loan 3 of 3

Gross approval: $300,000
SBA guaranteed: $270,000 (90%)
Status: Current
Rate at approval: 5.5% v
Term: 120 mo (10 yr)
Program: International Trade Loans
Subprogram: International Trade - Sec, 7(a
Loan type: Term loan
Purpose: Other / working capital
Approved: 9/18/2020
First disbursement: 9/25/2020
Days to fund: 7 days
Collateral: Required
Sold on secondary market: Yes
Business type: Corporation
Business age: New Business or 2 years or less
Industry: Other Farm Product Raw Material Merchant Wholesalers
NAICS code: 424590
Lender: Manufacturers and Traders Trust Company
Address: 3418 NORTHERN BLVD
City: Long Island City, 11101
County: Queens
SBA district office: NEW YORK DISTRICT OFFICE
Congressional district: 12

The lenders

Manufacturers and Traders Trust Company

2 loans to this businessFull SBA lending record + branches on the lender page →

TD Bank, National Association

1 loan to this businessFull SBA lending record + branches on the lender page →

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