A Sterling Freight Carrier, Inc.
A Sterling Freight Carrier, Inc. is located in San Bernardino, CA, and the SBA lists its industry as General Freight Trucking, Long-Distance, Truckload. It was approved for an SBA 504 loan ($1,471,000 SBA portion) on April 12, 2024 to finance real estate or equipment.
SBA 504 loan, approved Apr 12, 2024
- SBA (CDC) portion
- $1,471,000
- Bank portion
- $3,007,413
- Estimated project size
- $4,976,014 (estimated)
- Estimated owner equity
- $497,601 (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
- April 12, 2049 (estimated, approval date plus term)
- First disbursement
- Jul 17, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 20
- Business type
- Corporation
- NAICS
- 484121, General Freight Trucking, Long-Distance, Truckload
- Project location
- San Bernardino County, CA
- SBA district office
- Santa Ana District Office
- Congressional district
- CA-8
- Collateral
- Yes
Estimated share of project by source
Bank 60% SBA (CDC) 30% Owner 10%
- Larger than 24% of expansion loans in General Freight Trucking, Long-Distance, Truckload on this site.
- Average expansion loan in General Freight Trucking, Long-Distance, Truckload: $2,635,784.
- 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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