Main Street Registry

K. Lauchlan Chambers MD Inc

Newport Beach, CA · Offices of Physicians (except Mental Health Specialists) · NAICS 621111

K. Lauchlan Chambers MD Inc is located in Newport Beach, CA, and the SBA lists its industry as Offices of Physicians (except Mental Health Specialists). It was approved for an SBA 504 loan ($1,231,000 SBA portion) on December 22, 2023 to finance real estate or equipment.

SBA 504 loan, approved Dec 22, 2023

SBA (CDC) portion
$1,231,000
Bank portion
$1,424,000
Estimated project size
$2,950,000 (estimated)
Estimated owner equity
$295,000 (estimated, about 10% of the project)
Bank lender
First-Citizens Bank & Trust Company, Raleigh, NC
CDC
California Statewide Certified Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
December 22, 2048 (estimated, approval date plus term)
First disbursement
Mar 13, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
4
Business type
Corporation
NAICS
621111, Offices of Physicians (except Mental Health Specialists)
Project location
Orange County, CA
SBA district office
Santa Ana District Office
Congressional district
CA-46
Collateral
Yes

Estimated share of project by source

Bank 48% SBA (CDC) 42% Owner 10%

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