Furniture Land LLC
Furniture Land LLC, located in Yuma, Arizona, operates in the furniture retailers industry (NAICS 449110). The company financed real estate or equipment through an SBA 504 loan of $1.23 million, approved on February 15, 2024, with Zions Bancorporation, National Association as the bank and The Mortgage Capital Development Corporation as the certified development company.
SBA 504 loan, approved Feb 15, 2024
$1,230,000 SBA portionCDC: The Mortgage Capital Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,230,000
- Bank portion
- $1,500,000
- Estimated project size
- $3,033,333 (estimated)
- Estimated owner equity
- $303,333 (estimated, about 10% of the project)
- Bank lender
- Zions Bancorporation, National Association, Salt Lake City, UT
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- February 15, 2049 (estimated, approval date plus term)
- First disbursement
- Jul 17, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 3
- Business type
- Individual
- NAICS
- 449110, Furniture Retailers
- Project location
- Yuma County, AZ
- SBA district office
- Arizona District Office
- Congressional district
- AZ-3
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 3% of expansion loans in Furniture Retailers on this site.
- Average expansion loan in Furniture Retailers: $2,338,737.
- Average expansion loan in Arizona: $2,074,452.
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.
Is this your company? Claim or correct this listing. See Corrections.
Same industry in Arizona
- Vertex Custom Cabinetry, LLC, Tempe
- PB Ware, LLC, Mesa
- Furniture & Mattress Discounters, LLC, Glendale
- Cherokee Land Corporation, Lakeside