International Academy of English - OC
International Academy of English - OC is a language school located in Santa Ana, California, in the language schools industry (NAICS 611630). The business financed real estate or equipment through an SBA 504 loan with a total SBA portion of $1,067,000, with a lender of Valley Bank of Nevada and an approval date of June 29, 2024.
SBA 504 loan, approved Jun 29, 2024
$1,067,000 SBA portionCDC: The Mortgage Capital Development Corporation25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $1,067,000
- Bank portion
- $1,300,000
- Estimated project size
- $2,630,000 (estimated)
- Estimated owner equity
- $263,000 (estimated, about 10% of the project)
- Bank lender
- Valley Bank of Nevada, North Las Vegas, NV
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- June 29, 2049 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 44
- Business type
- Corporation
- NAICS
- 611630, Language Schools
- Project location
- Orange County, CA
- SBA district office
- Santa Ana District Office
- Congressional district
- CA-45
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Average expansion loan in Language Schools: $1,067,000.
- 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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