L&l2640 LLC
L&l2640 LLC is a cut and sew apparel manufacturing business located in Vernon, California, classified under NAICS code 315250. The company financed real estate or equipment through an SBA 504 loan with an SBA portion of $4,472,000, approved on October 19, 2023, through Open Bank and the Advantage Certified Development Corporation.
SBA 504 loan, approved Oct 19, 2023
$4,472,000 SBA portionCDC: Advantage Certified Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $4,472,000
- Bank portion
- $6,875,000
- Estimated project size
- $12,607,778 (estimated)
- Estimated owner equity
- $1,260,778 (estimated, about 10% of the project)
- Bank lender
- Open Bank, Los Angeles, CA
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- October 19, 2048 (estimated, approval date plus term)
- First disbursement
- Mar 13, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 36
- Business type
- Corporation
- NAICS
- 315250, Cut and Sew Apparel Manufacturing (except Contractors)
- Project location
- Los Angeles County, CA
- SBA district office
- Los Angeles District Office
- Congressional district
- CA-34
- Collateral
- Yes
Estimated share of project by source
Bank 55% SBA (CDC) 35% Owner 10%
- Average expansion loan in Cut and Sew Apparel Manufacturing (except Contractors): $2,966,500.
- 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
- Pacific Apparel, Inc., San Diego