Main Street Registry

Heimish Fashion, Inc.

Vernon, CA · Piece Goods, Notions, and Other Dry Goods Merchant Wholesalers · NAICS 424310

Heimish Fashion, Inc. is a business in Vernon, California, in the piece goods, notions, and other dry goods merchant wholesalers industry (NAICS 424310). The company financed real estate or equipment through an SBA 504 loan of $1,711,000, approved on September 26, 2024, with BMO Bank National Association as the lending bank and The Mortgage Capital Development Corporation as the certified development company.

SBA 504 loan, approved Sep 26, 2024

$1,711,000 SBA portionCDC: The Mortgage Capital Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,711,000
Bank portion
$2,507,000
Estimated project size
$4,686,667 (estimated)
Estimated owner equity
$468,667 (estimated, about 10% of the project)
Bank lender
BMO Bank National Association, Chicago, IL
CDC
The Mortgage Capital Development Corporation
Processing method
504 Refinancing: refinances existing business debt
Term
25 years (300 months)
Estimated maturity
September 26, 2049 (estimated, approval date plus term)
First disbursement
Jan 15, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
21
Business type
Corporation
NAICS
424310, Piece Goods, Notions, and Other Dry Goods Merchant Wholesalers
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 53% SBA (CDC) 37% Owner 10%

  • Larger than 15% of expansion loans in Piece Goods, Notions, and Other Dry Goods Merchant Wholesalers on this site.
  • Average expansion loan in Piece Goods, Notions, and Other Dry Goods Merchant Wholesalers: $2,217,846.
  • 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