Wellington Foods, Inc.
Wellington Foods, Inc. is located in Corona, California, and is classified under NAICS 325411, Medicinal and Botanical Manufacturing. The company financed real estate or equipment through an SBA 504 loan of $5.5 million, approved on December 11, 2024, with Velocity Commercial Capital, LLC as the lender and Business Finance Capital as the certified development company.
SBA 504 loan, approved Dec 11, 2024
$5,500,000 SBA portionCDC: Business Finance Capital25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $5,500,000
- Bank portion
- $3,500,000
- Estimated project size
- $10,000,000 (estimated)
- Estimated owner equity
- $1,000,000 (estimated, about 10% of the project)
- Bank lender
- Velocity Commercial Capital, LLC, Westlake Village, CA
- Processing method
- 504 Refinancing: refinances existing business debt
- Term
- 25 years (300 months)
- Estimated maturity
- December 11, 2049 (estimated, approval date plus term)
- First disbursement
- Apr 16, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- LLC or partnership
- NAICS
- 325411, Medicinal and Botanical Manufacturing
- Project location
- Riverside County, CA
- SBA district office
- Santa Ana District Office
- Congressional district
- CA-42
- Collateral
- Yes
Estimated share of project by source
Bank 35% SBA (CDC) 55% Owner 10%
- Average expansion loan in Medicinal and Botanical Manufacturing: $3,990,800.
- 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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