King Family Properties, LLC
King Family Properties, LLC, located in Fremont, CA, operates in surgical and medical instrument manufacturing (NAICS 339112). The company financed real estate or equipment through an SBA 504 loan of $3,122,000, with Wells Fargo Bank National Association as the bank partner and Capital Access Group, Inc. as the certified development company, with approval dated November 6, 2024.
SBA 504 loan, approved Nov 6, 2024
$3,122,000 SBA portionCDC: Capital Access Group, Inc.25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $3,122,000
- Bank portion
- $3,050,000
- Estimated project size
- $6,857,778 (estimated)
- Estimated owner equity
- $685,778 (estimated, about 10% of the project)
- Bank lender
- Wells Fargo Bank National Association, Sioux Falls, SD
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- November 6, 2049 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 30
- Business type
- Corporation
- NAICS
- 339112, Surgical and Medical Instrument Manufacturing
- Project location
- Alameda County, CA
- SBA district office
- San Francisco District Office
- Congressional district
- CA-15
- Collateral
- Yes
Estimated share of project by source
Bank 44% SBA (CDC) 46% Owner 10%
- Average expansion loan in Surgical and Medical Instrument Manufacturing: $2,719,000.
- 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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