Main Street Registry

L&G and Sons LLC

Jurupa Valley, CA · Motor Vehicle Supplies and New Parts Merchant Wholesalers · NAICS 423120

L&G and Sons LLC is a business in Jurupa Valley, California, classified under motor vehicle supplies and new parts merchant wholesalers (NAICS 423120). The company financed real estate or equipment through an SBA 504 loan of $3,277,000 approved on July 24, 2024, with The Bancorp Bank National Association as the bank lender and Southland Economic Development Corporation as the certified development company.

SBA 504 loan, approved Jul 24, 2024

$3,277,000 SBA portionCDC: Southland Economic Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$3,277,000
Bank portion
$4,005,875
Estimated project size
$8,092,083 (estimated)
Estimated owner equity
$809,208 (estimated, about 10% of the project)
Bank lender
The Bancorp Bank National Association, Sioux Falls, SD
CDC
Southland Economic Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
July 24, 2049 (estimated, approval date plus term)
First disbursement
Dec 11, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
5
Business type
Corporation
NAICS
423120, Motor Vehicle Supplies and New Parts Merchant Wholesalers
Project location
Riverside County, CA
SBA district office
Santa Ana District Office
Congressional district
CA-35
Collateral
Yes

Estimated share of project by source

Bank 50% SBA (CDC) 40% Owner 10%

  • Average expansion loan in Motor Vehicle Supplies and New Parts Merchant Wholesalers: $1,906,333.
  • 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