Main Street Registry

Golden Mile Enterprises Inc.

Fontana, CA · General Freight Trucking, Long-Distance, Truckload · NAICS 484121

Golden Mile Enterprises Inc. is a general freight trucking business in Fontana, California, in the long-distance truckload segment of the industry. The company was approved for an SBA 504 loan of $3,111,000 in April 2024 to finance real estate or equipment, with CommerceWest Bank as the bank lender and the California Statewide Certified Development Corporation as the CDC.

SBA 504 loan, approved Apr 26, 2024

$3,111,000 SBA portionCDC: California Statewide Certified Development Corporation25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$3,111,000
Bank portion
$3,798,000
Estimated project size
$7,676,667 (estimated)
Estimated owner equity
$767,667 (estimated, about 10% of the project)
Bank lender
CommerceWest Bank, Irvine, CA
CDC
California Statewide Certified Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
April 26, 2049 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
50
Business type
Corporation
NAICS
484121, General Freight Trucking, Long-Distance, Truckload
Project location
San Bernardino County, CA
SBA district office
Santa Ana District Office
Congressional district
CA-31
Collateral
Yes

Estimated share of project by source

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

  • Larger than 62% of expansion loans in General Freight Trucking, Long-Distance, Truckload on this site.
  • Average expansion loan in General Freight Trucking, Long-Distance, Truckload: $2,635,784.
  • 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