Main Street Registry

John R. Lake, Stacey L. Lake, Mitchell J. Lake, and Katrina M. Lake

Santa Cruz, CA · Used Car Dealers · NAICS 441120

John R. Lake, Stacey L. Lake, Mitchell J. Lake, and Katrina M. Lake, a used car dealer in Santa Cruz, CA, financed real estate or equipment through an SBA 504 loan. The SBA portion of $1,064,000 was approved on February 24, 2026, through West Coast Community Bank with Business Finance Capital as the certified development company.

SBA 504 loan, approved Feb 24, 2026

$1,064,000 SBA portionCDC: Business Finance Capital25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,064,000
Bank portion
$1,283,273
Estimated project size
$2,608,081 (estimated)
Estimated owner equity
$260,808 (estimated, about 10% of the project)
Bank lender
West Coast Community Bank, Santa Cruz, CA
CDC
Business Finance Capital
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
February 24, 2051 (estimated, approval date plus term)
First disbursement
Sep 16, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
2
Business type
Individual
NAICS
441120, Used Car Dealers
Project location
Santa Cruz County, CA
SBA district office
San Francisco District Office
Congressional district
CA-18
Collateral
Yes

Estimated share of project by source

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

  • Larger than 13% of expansion loans in Used Car Dealers on this site.
  • Average expansion loan in Used Car Dealers: $1,930,870.
  • 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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in California