Fineline Trim & Upholstery, Inc.
Fineline Trim & Upholstery, Inc. is a reupholstery and furniture repair business in Rocklin, California. It financed real estate or equipment through an SBA 504 loan of $1,194,000, approved on March 12, 2024, with The Bancorp Bank National Association as the participating bank and Business Finance Capital as the certified development company.
SBA 504 loan, approved Mar 12, 2024
$1,194,000 SBA portionCDC: Business Finance Capital25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,194,000
- Bank portion
- $1,446,000
- Estimated project size
- $2,933,333 (estimated)
- Estimated owner equity
- $293,333 (estimated, about 10% of the project)
- Bank lender
- The Bancorp Bank National Association, Sioux Falls, SD
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- March 12, 2049 (estimated, approval date plus term)
- First disbursement
- Jun 12, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 811420, Reupholstery and Furniture Repair
- Project location
- Placer County, CA
- SBA district office
- Sacramento District Office
- Congressional district
- CA-4
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Average expansion loan in Reupholstery and Furniture Repair: $1,515,600.
- 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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