The Bedrock Company, a California Corporation
The Bedrock Company, a California Corporation, of Canyon Lake, CA, operates in poured concrete foundation and structure contracting (NAICS 238110). It financed real estate or equipment through an SBA 504 loan of $3,441,000 approved on April 30, 2024, with Bank of America N.A. as the lender and California Statewide Certified Development Corporation as the certified development company.
SBA 504 loan, approved Apr 30, 2024
$3,441,000 SBA portionCDC: California Statewide Certified Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $3,441,000
- Bank portion
- $4,087,500
- Estimated project size
- $8,365,000 (estimated)
- Estimated owner equity
- $836,500 (estimated, about 10% of the project)
- Bank lender
- Bank of America N.a., Charlotte, NC
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- April 30, 2049 (estimated, approval date plus term)
- First disbursement
- Apr 16, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 238110, Poured Concrete Foundation and Structure Contractors
- Project location
- Riverside County, CA
- SBA district office
- Santa Ana District Office
- Congressional district
- CA-41
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 84% of expansion loans in Poured Concrete Foundation and Structure Contractors on this site.
- Average expansion loan in Poured Concrete Foundation and Structure Contractors: $1,960,000.
- 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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