Main Street Registry

Fiesta Mexicana Family Restaurant

Los Angeles, CA · Caterers · NAICS 722320

Fiesta Mexicana Family Restaurant, located in Los Angeles, California, is classified under the SBA industry description Caterers (NAICS 722320). The business was approved for an SBA 504 loan of $1,042,000, which financed real estate or equipment through an SBA 504 loan, with CalPrivate Bank as the lender and The Mortgage Capital Development Corporation as the certified development company, with approval dated December 21, 2023.

SBA 504 loan, approved Dec 21, 2023

$1,042,000 SBA portionCDC: The Mortgage Capital Development Corporation25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$1,042,000
Bank portion
$1,271,875
Estimated project size
$2,570,972 (estimated)
Estimated owner equity
$257,097 (estimated, about 10% of the project)
Bank lender
CalPrivate Bank, La Jolla, CA
CDC
The Mortgage Capital Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
December 21, 2048 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
6
Business type
Corporation
NAICS
722320, Caterers
Project location
Los Angeles County, CA
SBA district office
Los Angeles District Office
Congressional district
CA-37
Collateral
Yes

Estimated share of project by source

Bank 49% SBA (CDC) 41% Owner 10%

  • Larger than 7% of expansion loans in Caterers on this site.
  • Average expansion loan in Caterers: $1,887,963.
  • 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