Gurnick Academy of Medical Arts, LLC
Gurnick Academy of Medical Arts, LLC is a business in San Jose, California, classified under the industry Other Technical and Trade Schools (NAICS 611519). The company financed real estate or equipment through an SBA 504 loan with an SBA portion of $4.18 million, approved on August 8, 2024, through Pinnacle Bank and The Mortgage Capital Development Corporation.
SBA 504 loan, approved Aug 8, 2024
$4,180,000 SBA portionCDC: The Mortgage Capital Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $4,180,000
- Bank portion
- $8,109,056
- Estimated project size
- $13,654,507 (estimated)
- Estimated owner equity
- $1,365,451 (estimated, about 10% of the project)
- Bank lender
- Pinnacle Bank, Morgan Hill, CA
- Processing method
- 504 Refinancing: refinances existing business debt
- Term
- 25 years (300 months)
- Estimated maturity
- August 8, 2049 (estimated, approval date plus term)
- First disbursement
- Dec 11, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 50
- Business type
- Corporation
- NAICS
- 611519, Other Technical and Trade Schools
- Project location
- Santa Clara County, CA
- SBA district office
- San Francisco District Office
- Congressional district
- CA-17
- Collateral
- Yes
Estimated share of project by source
Bank 59% SBA (CDC) 31% Owner 10%
- Larger than 80% of expansion loans in Other Technical and Trade Schools on this site.
- Average expansion loan in Other Technical and Trade Schools: $2,203,100.
- 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
- Los Angeles College of Aesthetics, Los Angeles
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