Eduardo Olivares and Reyna Vazquez
Eduardo Olivares and Reyna Vazquez, located in Orange, CA, operates in mineral wool manufacturing. The company financed real estate or equipment through an SBA 504 loan of $2,586,000 (the SBA portion), approved on January 26, 2024, with U.S. Bank, National Association as the bank lender and California Statewide Certified Development Corporation as the CDC.
SBA 504 loan, approved Jan 26, 2024
$2,586,000 SBA portionCDC: California Statewide Certified Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $2,586,000
- Bank portion
- $3,153,500
- Estimated project size
- $6,377,222 (estimated)
- Estimated owner equity
- $637,722 (estimated, about 10% of the project)
- Bank lender
- U.S. Bank, National Association, Cincinnati, OH
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- January 26, 2049 (estimated, approval date plus term)
- First disbursement
- Apr 17, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 20
- Business type
- Individual
- NAICS
- 327993, Mineral Wool Manufacturing
- Project location
- Orange County, CA
- SBA district office
- Santa Ana District Office
- Congressional district
- CA-39
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Average expansion loan in Mineral Wool Manufacturing: $2,586,000.
- 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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