Main Street Registry

Butterfly Floral and Event Design, Inc

Los Angeles, CA · All Other Personal Services · NAICS 812990

Butterfly Floral and Event Design, Inc is an all other personal services business located in Los Angeles, CA, classified under NAICS code 812990. The company financed real estate or equipment through an SBA 504 loan of $1,294,000, approved on October 21, 2023, with Wells Fargo Bank National Association as the bank partner and Business Finance Capital as the certified development company.

SBA 504 loan, approved Oct 21, 2023

$1,294,000 SBA portionCDC: Business Finance Capital25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,294,000
Bank portion
$1,578,000
Estimated project size
$3,191,111 (estimated)
Estimated owner equity
$319,111 (estimated, about 10% of the project)
Bank lender
Wells Fargo Bank National Association, Sioux Falls, SD
CDC
Business Finance Capital
Processing method
504 Basic: standard SBA processing through a CDC
Term
25 years (300 months)
Estimated maturity
October 21, 2048 (estimated, approval date plus term)
First disbursement
Feb 14, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
1
Business type
Corporation
NAICS
812990, All Other Personal Services
Project location
Los Angeles County, CA
SBA district office
Los Angeles District Office
Congressional district
CA-37
Collateral
Yes

Estimated share of project by source

Bank 49% SBA (CDC) 41% Owner 10%

  • Larger than 24% of expansion loans in All Other Personal Services on this site.
  • Average expansion loan in All Other Personal Services: $1,931,490.
  • 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