Majestic Fire Inc.
Majestic Fire Inc. is an other building equipment contractor based in the Los Angeles Studio City area of California, classified under NAICS code 238290. The company financed real estate or equipment through an SBA 504 loan with a $1,337,000 SBA portion, approved on October 2, 2024, through Bank of America, National Association and Business Finance Capital.
SBA 504 loan, approved Oct 2, 2024
$1,337,000 SBA portionCDC: Business Finance Capital25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,337,000
- Bank portion
- $2,175,000
- Estimated project size
- $3,902,222 (estimated)
- Estimated owner equity
- $390,222 (estimated, about 10% of the project)
- Bank lender
- Bank of America, National Association, Charlotte, NC
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- October 2, 2049 (estimated, approval date plus term)
- First disbursement
- Jan 15, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 22
- Business type
- Corporation
- NAICS
- 238290, Other Building Equipment Contractors
- 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 56% SBA (CDC) 34% Owner 10%
- Larger than 43% of expansion loans in Other Building Equipment Contractors on this site.
- Average expansion loan in Other Building Equipment Contractors: $1,566,214.
- 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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