Coit Services of Reno, LLC
Coit Services of Reno, LLC is located in Sparks, Nevada, and is classified under the industry All Other Specialty Trade Contractors (NAICS 238990). The business was financed through an SBA 504 loan, which financed real estate or equipment, with an SBA portion of $1,867,000 approved on November 4, 2024, through lender Harvest Commercial Capital, LLC and certified development company California Statewide Certified Development Corporation.
SBA 504 loan, approved Nov 4, 2024
$1,867,000 SBA portionCDC: California Statewide Certified Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,867,000
- Bank portion
- $2,290,000
- Estimated project size
- $4,618,889 (estimated)
- Estimated owner equity
- $461,889 (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
- November 4, 2049 (estimated, approval date plus term)
- First disbursement
- Mar 12, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 238990, All Other Specialty Trade Contractors
- Franchise
- Coit Cleaning and Restoration
- Project location
- Washoe County, NV
- SBA district office
- Nevada District Office
- Congressional district
- NV-2
- Collateral
- Yes
Estimated share of project by source
Bank 50% SBA (CDC) 40% Owner 10%
- Larger than 74% of expansion loans in All Other Specialty Trade Contractors on this site.
- Average expansion loan in All Other Specialty Trade Contractors: $1,769,072.
- Average expansion loan in Nevada: $2,098,935.
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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