Main Street Registry

American Metal Bearing Company

Garden Grove, CA · All Other Miscellaneous General Purpose Machinery Manufacturing · NAICS 333998

American Metal Bearing Company is a business in Garden Grove, CA, in the industry of all other miscellaneous general purpose machinery manufacturing (NAICS 333998). The company financed real estate or equipment through an SBA 504 loan with an SBA portion of $4,327,000, approved on October 25, 2024, through City First Bank, National Association and The Mortgage Capital Development Corporation.

SBA 504 loan, approved Oct 25, 2024

$4,327,000 SBA portionCDC: The Mortgage Capital Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$4,327,000
Bank portion
$4,230,000
Estimated project size
$9,507,778 (estimated)
Estimated owner equity
$950,778 (estimated, about 10% of the project)
Bank lender
City First Bank, National Association, Washington, DC
CDC
The Mortgage Capital Development Corporation
Processing method
504 Refinancing: refinances existing business debt
Term
25 years (300 months)
Estimated maturity
October 25, 2049 (estimated, approval date plus term)
First disbursement
Feb 12, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
30
Business type
Corporation
NAICS
333998, All Other Miscellaneous General Purpose Machinery Manufacturing
Project location
Orange County, CA
SBA district office
Santa Ana District Office
Congressional district
CA-47
Collateral
Yes

Estimated share of project by source

Bank 44% SBA (CDC) 46% Owner 10%

  • Larger than 90% of expansion loans in All Other Miscellaneous General Purpose Machinery Manufacturing on this site.
  • Average expansion loan in All Other Miscellaneous General Purpose Machinery Manufacturing: $2,302,200.
  • 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