Redondo Holdings, LLC
Redondo Holdings, LLC is a linen supply business in Long Beach, California, in the linen supply industry (NAICS 812331). The company financed real estate or equipment through an SBA 504 loan of $1,666,000, approved on February 12, 2025, with Wells Fargo Bank National Association as the participating bank and The Mortgage Capital Development Corporation as the certified development company.
SBA 504 loan, approved Feb 12, 2025
$1,666,000 SBA portionCDC: The Mortgage Capital Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,666,000
- Bank portion
- $3,248,300
- Estimated project size
- $5,460,333 (estimated)
- Estimated owner equity
- $546,033 (estimated, about 10% of the project)
- Bank lender
- Wells Fargo Bank National Association, Sioux Falls, SD
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- February 12, 2050 (estimated, approval date plus term)
- First disbursement
- May 14, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 120
- Business type
- Corporation
- NAICS
- 812331, Linen Supply
- Project location
- Los Angeles County, CA
- SBA district office
- Los Angeles District Office
- Congressional district
- CA-47
- Collateral
- Yes
Estimated share of project by source
Bank 59% SBA (CDC) 31% Owner 10%
- Average expansion loan in Linen Supply: $2,044,400.
- 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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