Scottsdale Southwest
Scottsdale Southwest is a gift, novelty, and souvenir retailer in Scottsdale, Arizona, operating under NAICS code 459420. The company financed real estate or equipment through an SBA 504 loan approved on March 5, 2024, with a total project amount of $1.4 million and a bank portion provided by JPMorgan Chase Bank, National Association, through The Mortgage Capital Development Corporation as the certified development company.
SBA 504 loan, approved Mar 5, 2024
$1,148,000 SBA portionCDC: The Mortgage Capital Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,148,000
- Bank portion
- $1,400,000
- Estimated project size
- $2,831,111 (estimated)
- Estimated owner equity
- $283,111 (estimated, about 10% of the project)
- Bank lender
- JPMorgan Chase Bank, National Association, Columbus, OH
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- March 5, 2049 (estimated, approval date plus term)
- First disbursement
- Jun 12, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 459420, Gift, Novelty, and Souvenir Retailers
- Project location
- Maricopa County, AZ
- SBA district office
- Arizona District Office
- Congressional district
- AZ-6
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Average expansion loan in Gift, Novelty, and Souvenir Retailers: $1,708,400.
- Average expansion loan in Arizona: $2,074,452.
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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