3046 Florence Avenue LLC
3046 Florence Avenue LLC is a coin-operated laundry and drycleaning business located in Huntington Park, California, in the NAICS category for coin-operated laundries and drycleaners. The company financed real estate or equipment through an SBA 504 loan of $2,149,000, with EverTrust Bank as the lender and Business Finance Capital as the CDC, approved on March 7, 2024.
SBA 504 loan, approved Mar 7, 2024
- SBA (CDC) portion
- $2,149,000
- Bank portion
- $2,100,000
- Estimated project size
- $4,721,111 (estimated)
- Estimated owner equity
- $472,111 (estimated, about 10% of the project)
- Bank lender
- EverTrust Bank, City of Industry, CA
- Processing method
- 504 Refinancing: refinances existing business debt
- Term
- 25 years (300 months)
- Estimated maturity
- March 7, 2049 (estimated, approval date plus term)
- First disbursement
- Jun 12, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 7
- Business type
- Corporation
- NAICS
- 812310, Coin-Operated Laundries and Drycleaners
- Project location
- Los Angeles County, CA
- SBA district office
- Los Angeles District Office
- Congressional district
- CA-40
- Collateral
- Yes
Estimated share of project by source
Bank 44% SBA (CDC) 46% Owner 10%
- Larger than 93% of expansion loans in Coin-Operated Laundries and Drycleaners on this site.
- Average expansion loan in Coin-Operated Laundries and Drycleaners: $1,323,429.
- 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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