Chala Handbags
Chala Handbags is located in Chino, CA, and the SBA lists its industry as Clothing and Clothing Accessories Merchant Wholesalers. It was approved for an SBA 504 loan ($1,020,000 SBA portion) on February 18, 2025 to finance real estate or equipment.
SBA 504 loan, approved Feb 18, 2025
- SBA (CDC) portion
- $1,020,000
- Bank portion
- $1,240,000
- Estimated project size
- $2,511,111 (estimated)
- Estimated owner equity
- $251,111 (estimated, about 10% of the project)
- Bank lender
- Wells Fargo Bank National Association, Sioux Falls, SD
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- February 18, 2050 (estimated, approval date plus term)
- First disbursement
- Jul 16, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 1
- Business type
- Corporation
- NAICS
- 424350, Clothing and Clothing Accessories Merchant Wholesalers
- Project location
- San Bernardino County, CA
- SBA district office
- Santa Ana District Office
- Congressional district
- CA-35
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Average expansion loan in Clothing and Clothing Accessories Merchant Wholesalers: $2,506,368.
- 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
- Chuxx, Inc., Los Angeles
- Freenote Cloth, Santa Monica
- The Suit Co., Santa Ana
- Landway International Corporation, Hayward
- CA Liquidators, Inc., Industry
- VIP. Collection, Los Angeles
- CA Liquidators, Inc., Downey
- Fornia Apparel, Inc., Lynwood