Main Street Registry

Hart Food Products

Paramount, CA · Other Miscellaneous Nondurable Goods Merchant Wholesalers · NAICS 424990

Hart Food Products is located in Paramount, California, and operates in the miscellaneous nondurable goods merchant wholesalers industry (NAICS 424990). The business has a loan approved under the SBA 504 program, which financed real estate or equipment through an SBA 504 loan of $1,048,000, with Banner Bank as the lender and The Mortgage Capital Development Corporation as the certified development company, with an approval date of July 30, 2024.

SBA 504 loan, approved Jul 30, 2024

$1,048,000 SBA portionCDC: The Mortgage Capital Development Corporation25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$1,048,000
Bank portion
$2,480,000
Estimated project size
$3,920,000 (estimated)
Estimated owner equity
$392,000 (estimated, about 10% of the project)
Bank lender
Banner Bank, Walla Walla, WA
CDC
The Mortgage Capital Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
July 30, 2049 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
16
Business type
Individual
NAICS
424990, Other Miscellaneous Nondurable Goods Merchant Wholesalers
Project location
Los Angeles County, CA
SBA district office
Los Angeles District Office
Congressional district
CA-40
Collateral
Yes

Estimated share of project by source

Bank 63% SBA (CDC) 27% Owner 10%

  • Larger than 5% of expansion loans in Other Miscellaneous Nondurable Goods Merchant Wholesalers on this site.
  • Average expansion loan in Other Miscellaneous Nondurable Goods Merchant Wholesalers: $2,330,259.
  • 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