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DBA Lendward and DBA Morris Roberts Advertising

Newport Beach, CA · Advertising Agencies · NAICS 541810

DBA Lendward and DBA Morris Roberts Advertising is an advertising agency in Newport Beach, California, classified under NAICS 541810 (Advertising Agencies). The company financed real estate or equipment through an SBA 504 loan with an SBA portion of $2,372,000 and a total project amount of $2,900,000, approved on April 25, 2024, through Citizens Business Bank National Association and Southland Economic Development Corporation.

SBA 504 loan, approved Apr 25, 2024

$2,372,000 SBA portionCDC: Southland Economic Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$2,372,000
Bank portion
$2,900,000
Estimated project size
$5,857,778 (estimated)
Estimated owner equity
$585,778 (estimated, about 10% of the project)
Bank lender
Citizens Business Bank National Association, Ontario, CA
CDC
Southland Economic Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
April 25, 2049 (estimated, approval date plus term)
First disbursement
Aug 14, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
7
Business type
Corporation
NAICS
541810, Advertising Agencies
Project location
Orange County, CA
SBA district office
Santa Ana District Office
Congressional district
CA-45
Collateral
Yes

Estimated share of project by source

Bank 50% SBA (CDC) 40% Owner 10%

  • Larger than 40% of expansion loans in Advertising Agencies on this site.
  • Average expansion loan in Advertising Agencies: $2,476,700.
  • 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