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R&r Plumbing Services

Inglewood, CA · Plumbing, Heating, and Air-Conditioning Contractors · NAICS 238220

R&r Plumbing Services, located in Inglewood, CA, operates in plumbing, heating, and air-conditioning contracting. The business financed real estate or equipment through an SBA 504 loan with an SBA portion of $1,232,000, approved on April 9, 2024, with Cathay Bank as the lending bank and Business Finance Capital as the certified development company.

SBA 504 loan, approved Apr 9, 2024

$1,232,000 SBA portionCDC: Business Finance Capital25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,232,000
Bank portion
$1,460,000
Estimated project size
$2,991,111 (estimated)
Estimated owner equity
$299,111 (estimated, about 10% of the project)
Bank lender
Cathay Bank, Los Angeles, CA
CDC
Business Finance Capital
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
April 9, 2049 (estimated, approval date plus term)
First disbursement
Jul 17, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
5
Business type
Corporation
NAICS
238220, Plumbing, Heating, and Air-Conditioning Contractors
Project location
Los Angeles County, CA
SBA district office
Los Angeles District Office
Congressional district
CA-43
Collateral
Yes

Estimated share of project by source

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

  • Larger than 16% of expansion loans in Plumbing, Heating, and Air-Conditioning Contractors on this site.
  • Average expansion loan in Plumbing, Heating, and Air-Conditioning Contractors: $1,998,914.
  • 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