Avatar Foods Inc.
Avatar Foods Inc. is located in Gridley, CA, and the SBA lists its industry as All Other Miscellaneous Food Manufacturing. It was approved for an SBA 504 loan ($2,631,000 SBA portion) on November 8, 2023 to finance real estate or equipment.
SBA 504 loan, approved Nov 8, 2023
- SBA (CDC) portion
- $2,631,000
- Bank portion
- $3,215,000
- Estimated project size
- $6,495,556 (estimated)
- Estimated owner equity
- $649,556 (estimated, about 10% of the project)
- Bank lender
- GBank, Las Vegas, NV
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- November 8, 2048 (estimated, approval date plus term)
- First disbursement
- Jun 12, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 20
- Business type
- Corporation
- NAICS
- 311999, All Other Miscellaneous Food Manufacturing
- Project location
- Butte County, CA
- SBA district office
- Sacramento District Office
- Congressional district
- CA-1
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 47% of expansion loans in All Other Miscellaneous Food Manufacturing on this site.
- Average expansion loan in All Other Miscellaneous Food Manufacturing: $2,746,824.
- 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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- Quoc Viet Foods, a California Corporation, Garden Grove
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