Kreit Mechanical Associates, Inc.
Kreit Mechanical Associates, Inc. is located in Sherman Oaks, CA, and the SBA lists its industry as Plumbing, Heating, and Air-Conditioning Contractors. It was approved for an SBA 504 loan ($1,137,000 SBA portion) on May 14, 2024 to finance real estate or equipment.
SBA 504 loan, approved May 14, 2024
- SBA (CDC) portion
- $1,137,000
- Bank portion
- $1,373,000
- Estimated project size
- $2,788,889 (estimated)
- Estimated owner equity
- $278,889 (estimated, about 10% of the project)
- Bank lender
- U.S. Bank, National Association, Cincinnati, OH
- Processing method
- 504 Basic: standard SBA processing through a CDC
- Term
- 25 years (300 months)
- Estimated maturity
- May 14, 2049 (estimated, approval date plus term)
- First disbursement
- Jan 15, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 238220, Plumbing, Heating, and Air-Conditioning Contractors
- 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 49% SBA (CDC) 41% Owner 10%
- Larger than 9% of expansion loans in Plumbing, Heating, and Air-Conditioning Contractors on this site.
- Average expansion loan in Plumbing, Heating, and Air-Conditioning Contractors: $1,998,914.
- 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
- ADMAT Miller Investments LLC, San Leandro
- A.t.a. Plumbing & Construction Inc., Los Angeles
- AA Refrigeration, Corp., La Habra
- Kreit Mechanical Associates, Inc. (2), Los Angeles
- Air Systems Service & Construction, LLC, Folsom
- Air Conditioning Solutions, Inc., Santa Fe Springs
- Stout's Heating & Ac, Santa Rosa
- DHA Legacy, LLC, Redlands