The Legacy Center Furniture
The Legacy Center Furniture is a business in Costa Mesa, California, in the home furnishing merchant wholesalers industry (NAICS 423220). It was approved for an SBA 504 loan of $1,424,000 on November 28, 2023, through the CDC Business Finance Capital and the lender New Day Commercial Capital, to finance real estate or equipment through an SBA 504 loan.
SBA 504 loan, approved Nov 28, 2023
$1,424,000 SBA portionCDC: Business Finance Capital25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $1,424,000
- Bank portion
- $1,602,000
- Estimated project size
- $3,362,222 (estimated)
- Estimated owner equity
- $336,222 (estimated, about 10% of the project)
- Bank lender
- New Day Commercial Capital, Laguna Hills, CA
- Processing method
- 504 Refinancing: refinances existing business debt
- Term
- 25 years (300 months)
- Estimated maturity
- November 28, 2048 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 423220, Home Furnishing Merchant Wholesalers
- Project location
- Orange County, CA
- SBA district office
- Santa Ana District Office
- Congressional district
- CA-48
- Collateral
- Yes
Estimated share of project by source
Bank 48% SBA (CDC) 42% Owner 10%
- Average expansion loan in Home Furnishing Merchant Wholesalers: $2,920,000.
- 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
- ES Houseware, Inc., Irwindale
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