Mercado Transportation, Inc.
Mercado Transportation, Inc. is located in Richmond, CA, and the SBA lists its industry as General Freight Trucking, Local. It was approved for an SBA 504 loan ($1,091,000 SBA portion) on October 12, 2023 to finance real estate or equipment.
- Business type
- Corporation
- Business age reported
- Existing or more than 2 years old
SBA 504 loans
| Approved | SBA portion | Bank portion | Project size | Lender | CDC | Term | Jobs supported | Status |
|---|---|---|---|---|---|---|---|---|
| Oct 12, 2023 | $1,091,000 | $1,331,500 | $2,691,667 (estimated) | Fremont Bank | The Mortgage Capital Development Corporation | 25 years | n/a | Approved, not yet funded |
Estimated project size is (SBA portion + bank portion) divided by 0.9, since the owner typically contributes about 10 percent. It is not an SBA-published figure.
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