Fruitland Vernon LLC
Fruitland Vernon LLC, located in Vernon, California, operates in the meat processing industry (NAICS 311612, meat processed from carcasses). The company financed real estate or equipment through an SBA 504 loan with a $5,000,000 SBA portion, approved on January 24, 2025, with LendingClub Corporation as the lender and Business Finance Capital as the certified development company.
SBA 504 loan, approved Jan 24, 2025
$5,000,000 SBA portionCDC: Business Finance Capital25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $5,000,000
- Bank portion
- $9,692,000
- Estimated project size
- $16,324,444 (estimated)
- Estimated owner equity
- $1,632,444 (estimated, about 10% of the project)
- Bank lender
- LendingClub Corporation, San Francisco, CA
- Processing method
- 504 Refinancing: refinances existing business debt
- Term
- 25 years (300 months)
- Estimated maturity
- January 24, 2050 (estimated, approval date plus term)
- First disbursement
- Apr 15, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 311612, Meat Processed from Carcasses
- Project location
- Los Angeles County, CA
- SBA district office
- Los Angeles District Office
- Congressional district
- CA-34
- Collateral
- Yes
Estimated share of project by source
Bank 59% SBA (CDC) 31% Owner 10%
- Average expansion loan in Meat Processed from Carcasses: $2,770,429.
- 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
- Beef Jerky Factory, Colton
- San Luis Foods, Inc., Arroyo Grande
- Francisco's Meat Company, Inc., Placentia