Steven M. Raio and Susan M. Raio, Trustees of the Raio Living Trust, Dated, Nove
Steven M. Raio and Susan M. Raio, Trustees of the Raio Living Trust, Dated, Nove is a metal kitchen cookware, utensil, cutlery, and flatware manufacturer in Perris, CA. The business financed real estate or equipment through an SBA 504 loan of $3.8 million, with Harvest Commercial Capital, LLC as the lender and The Mortgage Capital Development Corporation as the certified development company, approved on February 28, 2025.
SBA 504 loan, approved Feb 28, 2025
$3,762,000 SBA portionCDC: The Mortgage Capital Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $3,762,000
- Bank portion
- $3,675,862
- Estimated project size
- $8,264,291 (estimated)
- Estimated owner equity
- $826,429 (estimated, about 10% of the project)
- Bank lender
- Harvest Commercial Capital, LLC, Laguna Hills, CA
- Processing method
- 504 Refinancing: refinances existing business debt
- Term
- 25 years (300 months)
- Estimated maturity
- February 28, 2050 (estimated, approval date plus term)
- First disbursement
- May 14, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 332215, Metal Kitchen Cookware, Utensil, Cutlery, and Flatware (except Precious) Manufacturing
- Project location
- Riverside County, CA
- SBA district office
- Santa Ana District Office
- Congressional district
- CA-41
- Collateral
- Yes
Estimated share of project by source
Bank 44% SBA (CDC) 46% Owner 10%
- Average expansion loan in Metal Kitchen Cookware, Utensil, Cutlery, and Flatware (except Precious) Manufacturing: $3,762,000.
- 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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