Smartech Communications, A California Corporation
Smartech Communications, A California Corporation is located in Long Beach, CA, and the SBA lists its industry as Power and Communication Line and Related Structures Construction. It was approved for an SBA 504 loan ($3,585,000 SBA portion) on November 25, 2023 to finance real estate or equipment.
SBA 504 loan, approved Nov 25, 2023
- SBA (CDC) portion
- $3,585,000
- Bank portion
- $4,382,880
- Estimated project size
- $8,853,200 (estimated)
- Estimated owner equity
- $885,320 (estimated, about 10% of the project)
- Bank lender
- Harvest Commercial Capital, LLC, Laguna Hills, CA
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- November 25, 2048 (estimated, approval date plus term)
- First disbursement
- Feb 14, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 20
- Business type
- Corporation
- NAICS
- 237130, Power and Communication Line and Related Structures Construction
- 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 50% SBA (CDC) 40% Owner 10%
- Average expansion loan in Power and Communication Line and Related Structures Construction: $1,940,333.
- 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
- GrayBirch Construction LLC, Lake Elsinore