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Quoc Viet Foods, a California Corporation

Garden Grove, CA · All Other Miscellaneous Food Manufacturing · NAICS 311999

Quoc Viet Foods, a California Corporation, is a food manufacturer in Garden Grove, California, in the industry of all other miscellaneous food manufacturing (NAICS 311999). The company financed real estate or equipment through an SBA 504 loan of $1,379,000 approved on October 29, 2024, with Meriwest Credit Union as the lender and California Statewide Certified Development Corporation as the certified development company.

SBA 504 loan, approved Oct 29, 2024

$1,379,000 SBA portionCDC: California Statewide Certified Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,379,000
Bank portion
$1,672,500
Estimated project size
$3,390,556 (estimated)
Estimated owner equity
$339,056 (estimated, about 10% of the project)
Bank lender
Meriwest Credit Union, San Jose, CA
CDC
California Statewide Certified Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
October 29, 2049 (estimated, approval date plus term)
First disbursement
May 14, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
17
Business type
Corporation
NAICS
311999, All Other Miscellaneous Food Manufacturing
Project location
Santa Clara County, CA
SBA district office
San Francisco District Office
Congressional district
CA-17
Collateral
Yes

Estimated share of project by source

Bank 49% SBA (CDC) 41% Owner 10%

  • Larger than 6% of expansion loans in All Other Miscellaneous Food Manufacturing on this site.
  • Average expansion loan in All Other Miscellaneous Food Manufacturing: $2,746,824.
  • 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