Main Street Registry

Legacy Roofing & Waterproofing, Inc

San Jose, CA · Roofing Contractors · NAICS 238160

Legacy Roofing & Waterproofing, Inc, a roofing contractor in San Jose, California, financed real estate or equipment through an SBA 504 loan of $1.18 million, approved on May 20, 2024. The loan was provided with Bank of America, National Association as the bank partner and Capital Access Group, Inc. as the certified development company, and the filing reports 15 jobs.

SBA 504 loan, approved May 20, 2024

$1,180,000 SBA portionCDC: Capital Access Group, Inc.25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,180,000
Bank portion
$4,025,000
Estimated project size
$5,783,333 (estimated)
Estimated owner equity
$578,333 (estimated, about 10% of the project)
Bank lender
Bank of America, National Association, Charlotte, NC
CDC
Capital Access Group, Inc.
Processing method
504 Basic: standard SBA processing through a CDC
Term
25 years (300 months)
Estimated maturity
May 20, 2049 (estimated, approval date plus term)
First disbursement
Aug 14, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
15
Business type
Corporation
NAICS
238160, Roofing Contractors
Project location
Santa Clara County, CA
SBA district office
San Francisco District Office
Congressional district
CA-17
Collateral
Yes

Estimated share of project by source

Bank 70% SBA (CDC) 20% Owner 10%

  • Larger than 16% of expansion loans in Roofing Contractors on this site.
  • Average expansion loan in Roofing Contractors: $1,961,053.
  • 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