3500 Simms Land, LLC
3500 Simms Land, LLC is located in Manhattan Beach, CA, and the SBA lists its industry as Full-Service Restaurants. It was approved for an SBA 504 loan ($5,000,000 SBA portion) on December 21, 2023 to finance real estate or equipment.
- Business type
- Corporation
- Business age reported
- Existing or more than 2 years old
SBA 504 loans
| Approved | SBA portion | Bank portion | Project size | Lender | CDC | Term | Jobs supported | Status |
|---|---|---|---|---|---|---|---|---|
| Dec 21, 2023 | $5,000,000 | $9,826,000 | $16,473,333 (estimated) | CalPrivate Bank | The Mortgage Capital Development Corporation | 25 years | 72 | Status not reported (SBA exemption) |
Estimated project size is (SBA portion + bank portion) divided by 0.9, since the owner typically contributes about 10 percent. It is not an SBA-published figure.
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