Rubio's Global Enterprise, a California Corporation
Rubio's Global Enterprise, a California Corporation, is a fuel dealer based in Paramount, California. The business financed real estate or equipment through an SBA 504 loan of $1,581,000, approved on July 31, 2024, with First-Citizens Bank & Trust Company as the lending bank and Business Finance Capital as the certified development company.
SBA 504 loan, approved Jul 31, 2024
$1,581,000 SBA portionCDC: Business Finance Capital25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,581,000
- Bank portion
- $1,927,000
- Estimated project size
- $3,897,778 (estimated)
- Estimated owner equity
- $389,778 (estimated, about 10% of the project)
- Bank lender
- First-Citizens Bank & Trust Company, Raleigh, NC
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- July 31, 2049 (estimated, approval date plus term)
- First disbursement
- Oct 16, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 457210, Fuel Dealers
- Project location
- Los Angeles County, CA
- SBA district office
- Los Angeles District Office
- Congressional district
- CA-40
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Average expansion loan in Fuel Dealers: $1,412,667.
- 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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