Main Street Registry

Commonwealth Royale Guest Home

Los Angeles, CA · Assisted Living Facilities for the Elderly · NAICS 623312

Commonwealth Royale Guest Home is located in Los Angeles, CA, and the SBA lists its industry as Assisted Living Facilities for the Elderly. It was approved for an SBA 504 loan ($1,508,000 SBA portion) on May 4, 2024 to finance real estate or equipment.

SBA 504 loan, approved May 4, 2024

SBA (CDC) portion
$1,508,000
Bank portion
$2,105,300
Estimated project size
$4,014,778 (estimated)
Estimated owner equity
$401,478 (estimated, about 10% of the project)
Bank lender
Wells Fargo Bank National Association, Sioux Falls, SD
CDC
Business Finance Capital
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
May 4, 2049 (estimated, approval date plus term)
First disbursement
Sep 11, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
2
Business type
Corporation
NAICS
623312, Assisted Living Facilities for the Elderly
Project location
Los Angeles County, CA
SBA district office
Los Angeles District Office
Congressional district
CA-28
Collateral
Yes

Estimated share of project by source

Bank 52% SBA (CDC) 38% Owner 10%

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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in California