29 W. Calle Laureles, LLC
29 W. Calle Laureles, LLC is a clothing and clothing accessories retailer in Santa Barbara, CA. The company financed real estate or equipment through an SBA 504 loan of $1,865,000, approved on February 14, 2025, with Montecito Bank and Trust as the lending bank and CDC Small Business Finance Corp. as the certified development company.
SBA 504 loan, approved Feb 14, 2025
$1,865,000 SBA portionCDC: CDC Small Business Finance Corp.25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,865,000
- Bank portion
- $2,275,000
- Estimated project size
- $4,600,000 (estimated)
- Estimated owner equity
- $460,000 (estimated, about 10% of the project)
- Bank lender
- Montecito Bank and Trust, Santa Barbara, CA
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- February 14, 2050 (estimated, approval date plus term)
- First disbursement
- Jul 16, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 458110, Clothing and Clothing Accessories Retailers
- Project location
- Santa Barbara County, CA
- SBA district office
- Los Angeles District Office
- Congressional district
- CA-24
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 54% of expansion loans in Clothing and Clothing Accessories Retailers on this site.
- Average expansion loan in Clothing and Clothing Accessories Retailers: $1,913,179.
- 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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