1501 Brand LLC
1501 Brand LLC is a car wash business in Glendale, California, classified under NAICS code 811192 (Car Washes). The company financed real estate or equipment through an SBA 504 loan of $4,915,000 with a total project size of $6,862,500, approved on February 26, 2025 through Banner Bank and the AMPAC Tri-State CDC, Inc.
SBA 504 loan, approved Feb 26, 2025
$4,915,000 SBA portionCDC: AMPAC Tri-State CDC, Inc.25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $4,915,000
- Bank portion
- $6,862,500
- Estimated project size
- $13,086,111 (estimated)
- Estimated owner equity
- $1,308,611 (estimated, about 10% of the project)
- Bank lender
- Banner Bank, Walla Walla, WA
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- February 26, 2050 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 811192, Car Washes
- Project location
- Los Angeles County, CA
- SBA district office
- Los Angeles District Office
- Congressional district
- CA-28
- Collateral
- Yes
Estimated share of project by source
Bank 52% SBA (CDC) 38% Owner 10%
- Larger than 95% of expansion loans in Car Washes on this site.
- Average expansion loan in Car Washes: $1,994,962.
- Average expansion loan in California: $2,161,468.
Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.
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