Phenix Truck & Van
Phenix Truck & Van is a business in Pomona, California, in the motor vehicle body manufacturing industry (NAICS 336211). The company financed real estate or equipment through an SBA 504 loan with an SBA portion of $5,499,000, approved on January 17, 2024, through lender SMBC MANUBANK and certified development company The Mortgage Capital Development Corporation.
SBA 504 loan, approved Jan 17, 2024
$5,499,000 SBA portionCDC: The Mortgage Capital Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $5,499,000
- Bank portion
- $10,822,500
- Estimated project size
- $18,135,000 (estimated)
- Estimated owner equity
- $1,813,500 (estimated, about 10% of the project)
- Bank lender
- Smbc Manubank, Los Angeles, CA
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- January 17, 2049 (estimated, approval date plus term)
- First disbursement
- May 15, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 40
- Business type
- Corporation
- NAICS
- 336211, Motor Vehicle Body Manufacturing
- Project location
- Los Angeles County, CA
- SBA district office
- Los Angeles District Office
- Congressional district
- CA-32
- Collateral
- Yes
Estimated share of project by source
Bank 60% SBA (CDC) 30% Owner 10%
- Average expansion loan in Motor Vehicle Body Manufacturing: $3,626,600.
- 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
- Phenix Truck & Van, Pomona