Main Street Registry

Modu Food Trading

Commerce, CA · General Line Grocery Merchant Wholesalers · NAICS 424410

Modu Food Trading, located in Commerce, CA, operates in the General Line Grocery Merchant Wholesalers industry (NAICS 424410). The business financed real estate or equipment through an SBA 504 loan of $3,889,000, with America First Federal Credit Union as the participating lender and Business Finance Capital as the certified development company, approved on October 7, 2024.

SBA 504 loan, approved Oct 7, 2024

$3,889,000 SBA portionCDC: Business Finance Capital25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$3,889,000
Bank portion
$4,260,000
Estimated project size
$9,054,444 (estimated)
Estimated owner equity
$905,444 (estimated, about 10% of the project)
Bank lender
America First Federal Credit Union, Riverdale, UT
CDC
Business Finance Capital
Processing method
504 Refinancing: refinances existing business debt
Term
25 years (300 months)
Estimated maturity
October 7, 2049 (estimated, approval date plus term)
First disbursement
Apr 16, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
25
Business type
Corporation
NAICS
424410, General Line Grocery Merchant Wholesalers
Project location
Los Angeles County, CA
SBA district office
Los Angeles District Office
Congressional district
CA-38
Collateral
Yes

Estimated share of project by source

Bank 47% SBA (CDC) 43% Owner 10%

  • Larger than 74% of expansion loans in General Line Grocery Merchant Wholesalers on this site.
  • Average expansion loan in General Line Grocery Merchant Wholesalers: $2,655,652.
  • 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