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Chhotani Real Estate LLC

Stockton, CA · Other Miscellaneous Durable Goods Merchant Wholesalers · NAICS 423990

Chhotani Real Estate LLC is a business in Stockton, CA, classified under the industry Other Miscellaneous Durable Goods Merchant Wholesalers (NAICS 423990). The company financed real estate or equipment through an SBA 504 loan of $1,026,000, with Bank of America N.A. as the lender and The Mortgage Capital Development Corporation as the certified development company, with approval dated August 2, 2024.

SBA 504 loan, approved Aug 2, 2024

$1,026,000 SBA portionCDC: The Mortgage Capital Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,026,000
Bank portion
$1,090,000
Estimated project size
$2,351,111 (estimated)
Estimated owner equity
$235,111 (estimated, about 10% of the project)
Bank lender
Bank of America N.a., Charlotte, NC
CDC
The Mortgage Capital Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
August 2, 2049 (estimated, approval date plus term)
First disbursement
May 14, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
2
Business type
Corporation
NAICS
423990, Other Miscellaneous Durable Goods Merchant Wholesalers
Project location
San Joaquin County, CA
SBA district office
Sacramento District Office
Congressional district
CA-9
Collateral
Yes

Estimated share of project by source

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

  • Larger than 2% of expansion loans in Other Miscellaneous Durable Goods Merchant Wholesalers on this site.
  • Average expansion loan in Other Miscellaneous Durable Goods Merchant Wholesalers: $2,562,152.
  • 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