JL Patisserie 3, LLC
JL Patisserie 3, LLC is a baked goods retailer in Phoenix, Arizona, in the NAICS category Baked Goods Retailers. The company financed real estate or equipment through an SBA 504 loan of $1,689,000, approved on June 7, 2024 by Western State Bank with The Mortgage Capital Development Corporation as the certified development company, and the loan reported 13 jobs.
SBA 504 loan, approved Jun 7, 2024
$1,689,000 SBA portionCDC: The Mortgage Capital Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,689,000
- Bank portion
- $2,061,350
- Estimated project size
- $4,167,056 (estimated)
- Estimated owner equity
- $416,706 (estimated, about 10% of the project)
- Bank lender
- Western State Bank, Devils Lake, ND
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- June 7, 2049 (estimated, approval date plus term)
- First disbursement
- Aug 13, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 13
- Business type
- Corporation
- NAICS
- 445291, Baked Goods Retailers
- Project location
- Maricopa County, AZ
- SBA district office
- Arizona District Office
- Congressional district
- AZ-7
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Average expansion loan in Baked Goods Retailers: $1,542,500.
- Average expansion loan in Arizona: $2,074,452.
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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