Los Angeles Food Allergy Institute, Inc.
Los Angeles Food Allergy Institute, Inc. is an offices of physicians business located in Burbank, California, classified under NAICS code 621111. The company financed real estate or equipment through an SBA 504 loan with an SBA portion of $2,048,000, approved on May 22, 2025, with First-Citizens Bank & Trust Company as the lending bank and California Statewide Certified Development Corporation as the certified development company.
SBA 504 loan, approved May 22, 2025
$2,048,000 SBA portionCDC: California Statewide Certified Development Corporation25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $2,048,000
- Bank portion
- $2,503,000
- Estimated project size
- $5,056,667 (estimated)
- Estimated owner equity
- $505,667 (estimated, about 10% of the project)
- Bank lender
- First-Citizens Bank & Trust Company, Raleigh, NC
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- May 22, 2050 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 621111, Offices of Physicians (except Mental Health Specialists)
- Project location
- Los Angeles County, CA
- SBA district office
- Los Angeles District Office
- Congressional district
- CA-28
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 61% of expansion loans in Offices of Physicians (except Mental Health Specialists) on this site.
- Average expansion loan in Offices of Physicians (except Mental Health Specialists): $2,141,987.
- 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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