Balbir Manik and Charanjit Manik
Balbir Manik and Charanjit Manik, a general rental center in Bakersfield, California, financed real estate or equipment through an SBA 504 loan. The SBA portion of the loan was $1,339,000, with a bank portion of $1,300,000, and the loan was approved on December 10, 2025 through Open Bank and The Mortgage Capital Development Corporation.
SBA 504 loan, approved Dec 10, 2025
$1,339,000 SBA portionCDC: The Mortgage Capital Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,339,000
- Bank portion
- $1,300,000
- Estimated project size
- $2,932,222 (estimated)
- Estimated owner equity
- $293,222 (estimated, about 10% of the project)
- Bank lender
- Open Bank, Los Angeles, CA
- Processing method
- 504 Refinancing: refinances existing business debt
- Term
- 25 years (300 months)
- Estimated maturity
- December 10, 2050 (estimated, approval date plus term)
- First disbursement
- Mar 11, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Individual
- NAICS
- 532310, General Rental Centers
- Project location
- Kern County, CA
- SBA district office
- Fresno District Office
- Congressional district
- CA-21
- Collateral
- Yes
Estimated share of project by source
Bank 44% SBA (CDC) 46% Owner 10%
- Larger than 27% of expansion loans in General Rental Centers on this site.
- Average expansion loan in General Rental Centers: $2,404,091.
- 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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