Main Street Registry

Laima Properties Monterey, LLC

Monterey, CA · Offices of Physicians (except Mental Health Specialists) · NAICS 621111

Laima Properties Monterey, LLC is located in Monterey, CA, and the SBA lists its industry as Offices of Physicians (except Mental Health Specialists). It was approved for an SBA 504 loan ($1,206,000 SBA portion) on December 4, 2023 to finance real estate or equipment.

SBA 504 loan, approved Dec 4, 2023

SBA (CDC) portion
$1,206,000
Bank portion
$1,682,500
Estimated project size
$3,209,444 (estimated)
Estimated owner equity
$320,944 (estimated, about 10% of the project)
Bank lender
West Coast Community Bank, Santa Cruz, CA
CDC
Bay Area Employment Development Company
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
December 4, 2048 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
10
Business type
Corporation
NAICS
621111, Offices of Physicians (except Mental Health Specialists)
Project location
Monterey County, CA
SBA district office
Fresno District Office
Congressional district
CA-20
Collateral
Yes

Estimated share of project by source

Bank 52% SBA (CDC) 38% Owner 10%

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