Radio Korea USA, Inc.
Radio Korea USA, Inc. is a radio broadcasting station business in La Palma, California. The company financed real estate or equipment through an SBA 504 loan of $2,468,000, approved on May 21, 2025, with Commonwealth Business Bank as the lender and Advantage Certified Development Corporation as the certified development company.
SBA 504 loan, approved May 21, 2025
$2,468,000 SBA portionCDC: Advantage Certified Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $2,468,000
- Bank portion
- $3,012,500
- Estimated project size
- $6,089,444 (estimated)
- Estimated owner equity
- $608,944 (estimated, about 10% of the project)
- Bank lender
- Commonwealth Business Bank, Los Angeles, CA
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- May 21, 2050 (estimated, approval date plus term)
- First disbursement
- Aug 13, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 1
- Business type
- Corporation
- NAICS
- 516110, Radio Broadcasting Stations
- Project location
- Orange County, CA
- SBA district office
- Santa Ana District Office
- Congressional district
- CA-38
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Average expansion loan in Radio Broadcasting Stations: $1,879,500.
- 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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