Main Street Registry

California Scrap of Fontana

Fontana, CA · Recyclable Material Merchant Wholesalers · NAICS 423930

California Scrap of Fontana is located in Fontana, California, and is classified under NAICS 423930, Recyclable Material Merchant Wholesalers. The company financed real estate or equipment through an SBA 504 loan with an SBA portion of $2,490,000, approved on April 1, 2024, through a loan with First-Citizens Bank & Trust Company and the certified development company Business Finance Capital.

SBA 504 loan, approved Apr 1, 2024

$2,490,000 SBA portionCDC: Business Finance Capital25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$2,490,000
Bank portion
$3,040,000
Estimated project size
$6,144,444 (estimated)
Estimated owner equity
$614,444 (estimated, about 10% of the project)
Bank lender
First-Citizens Bank & Trust Company, Raleigh, NC
CDC
Business Finance Capital
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
April 1, 2049 (estimated, approval date plus term)
First disbursement
Sep 11, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
5
Business type
Corporation
NAICS
423930, Recyclable Material Merchant Wholesalers
Project location
San Bernardino County, CA
SBA district office
Santa Ana District Office
Congressional district
CA-31
Collateral
Yes

Estimated share of project by source

Bank 49% SBA (CDC) 41% Owner 10%

  • Larger than 68% of expansion loans in Recyclable Material Merchant Wholesalers on this site.
  • Average expansion loan in Recyclable Material Merchant Wholesalers: $2,389,263.
  • 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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Same industry in California