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Lowell Investment LLC and SSG Lowell Investment LLC

Tracy, CA · Assisted Living Facilities for the Elderly · NAICS 623312

Lowell Investment LLC and SSG Lowell Investment LLC operate an assisted living facility for the elderly in Tracy, California, under NAICS code 623312. The company financed real estate or equipment through an SBA 504 loan of $3,053,000 with a term of 300 months, approved on August 19, 2024, through Ventura County Credit Union with CDC Small Business Finance Corp. as the certified development company.

SBA 504 loan, approved Aug 19, 2024

$3,053,000 SBA portionCDC: CDC Small Business Finance Corp.25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$3,053,000
Bank portion
$4,261,250
Estimated project size
$8,126,944 (estimated)
Estimated owner equity
$812,694 (estimated, about 10% of the project)
Bank lender
Ventura County CU, Ventura, CA
CDC
CDC Small Business Finance Corp.
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
August 19, 2049 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
50
Business type
Corporation
NAICS
623312, Assisted Living Facilities for the Elderly
Project location
San Joaquin County, CA
SBA district office
Sacramento District Office
Congressional district
CA-10
Collateral
Yes

Estimated share of project by source

Bank 52% SBA (CDC) 38% Owner 10%

  • Larger than 84% of expansion loans in Assisted Living Facilities for the Elderly on this site.
  • Average expansion loan in Assisted Living Facilities for the Elderly: $1,996,284.
  • 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