Cinova Medical, Inc.
Cinova Medical, Inc. is a plastics bag and pouch manufacturer located in Phoenix, Arizona. The company was approved for an SBA 504 loan, which financed real estate or equipment through an SBA 504 loan, with an SBA portion of $5.5 million, approved on January 28, 2026, through City National Bank and The Mortgage Capital Development Corporation.
SBA 504 loan, approved Jan 28, 2026
$5,500,000 SBA portionCDC: The Mortgage Capital Development Corporation25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $5,500,000
- Bank portion
- $7,755,080
- Estimated project size
- $14,727,867 (estimated)
- Estimated owner equity
- $1,472,787 (estimated, about 10% of the project)
- Bank lender
- City National Bank, Los Angeles, CA
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- January 28, 2051 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 64
- Business type
- Corporation
- NAICS
- 326111, Plastics Bag and Pouch Manufacturing
- Project location
- Maricopa County, AZ
- SBA district office
- Arizona District Office
- Congressional district
- AZ-7
- Collateral
- Yes
Estimated share of project by source
Bank 53% SBA (CDC) 37% Owner 10%
- Average expansion loan in Plastics Bag and Pouch Manufacturing: $3,905,125.
- Average expansion loan in Arizona: $2,074,452.
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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