Lou Rae Lee Holdings LLC
Lou Rae Lee Holdings LLC is a business in Chandler, AZ, in the All Other Personal Services industry (NAICS 812990). The company financed real estate or equipment through an SBA 504 loan of $1,516,000, approved on April 23, 2024, with America First Federal Credit Union as the bank partner and California Statewide Certified Development Corporation as the certified development company.
SBA 504 loan, approved Apr 23, 2024
$1,516,000 SBA portionCDC: California Statewide Certified Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,516,000
- Bank portion
- $1,852,400
- Estimated project size
- $3,742,667 (estimated)
- Estimated owner equity
- $374,267 (estimated, about 10% of the project)
- Bank lender
- America First Federal Credit Union, Riverdale, UT
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- April 23, 2049 (estimated, approval date plus term)
- First disbursement
- Aug 14, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 3
- Business type
- Corporation
- NAICS
- 812990, All Other Personal Services
- Project location
- Maricopa County, AZ
- SBA district office
- Arizona District Office
- Congressional district
- AZ-1
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 43% of expansion loans in All Other Personal Services on this site.
- Average expansion loan in All Other Personal Services: $1,931,490.
- Average expansion loan in Arizona: $2,074,452.
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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