Dennis Allen Associates
Dennis Allen Associates, located in Santa Barbara, CA, operates in the New Single-Family Housing Construction (except For-Sale Builders) industry (NAICS 236115). The business was financed with an SBA 504 loan that financed real estate or equipment through an SBA 504 loan of $1.2 million, approved on September 17, 2024, through American Riviera Bank and Cen Cal Business Finance Group.
SBA 504 loan, approved Sep 17, 2024
$1,217,000 SBA portionCDC: Cen Cal Business Finance Group25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,217,000
- Bank portion
- $1,485,000
- Estimated project size
- $3,002,222 (estimated)
- Estimated owner equity
- $300,222 (estimated, about 10% of the project)
- Bank lender
- American Riviera Bank, Santa Barbara, CA
- Processing method
- 504 Basic: standard SBA processing through a CDC
- Term
- 25 years (300 months)
- Estimated maturity
- September 17, 2049 (estimated, approval date plus term)
- First disbursement
- Dec 11, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 65
- Business type
- Corporation
- NAICS
- 236115, New Single-Family Housing Construction (except For-Sale Builders)
- Project location
- Santa Barbara County, CA
- SBA district office
- Los Angeles District Office
- Congressional district
- CA-24
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 52% of expansion loans in New Single-Family Housing Construction (except For-Sale Builders) on this site.
- Average expansion loan in New Single-Family Housing Construction (except For-Sale Builders): $1,511,043.
- 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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