8856 W Pico Blvd., LLC
8856 W Pico Blvd., LLC is a baked goods retailer in Los Angeles, CA, classified under NAICS 445291. The company financed real estate or equipment through an SBA 504 loan approved on October 6, 2023, with a SBA portion of $1,246,000, provided by First-Citizens Bank & Trust Company through So Cal CDC.
SBA 504 loan, approved Oct 6, 2023
$1,246,000 SBA portionCDC: So Cal CDC25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,246,000
- Bank portion
- $1,524,000
- Estimated project size
- $3,077,778 (estimated)
- Estimated owner equity
- $307,778 (estimated, about 10% of the project)
- Bank lender
- First-Citizens Bank & Trust Company, Raleigh, NC
- CDC
- So Cal CDC
- Processing method
- 504 Basic: standard SBA processing through a CDC
- Term
- 25 years (300 months)
- Estimated maturity
- October 6, 2048 (estimated, approval date plus term)
- First disbursement
- Feb 14, 2024
- Loan status
- Status not reported (SBA exemption)
- Business type
- Corporation
- NAICS
- 445291, Baked Goods Retailers
- Project location
- Los Angeles County, CA
- SBA district office
- Los Angeles District Office
- Congressional district
- CA-33
- Collateral
- Yes
Estimated share of project by source
Bank 50% SBA (CDC) 40% Owner 10%
- Average expansion loan in Baked Goods Retailers: $1,542,500.
- 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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Same industry in California
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