Magic Jump Rentals, Inc.
Magic Jump Rentals, Inc. is located in (SYLMAR AREA) Los Angeles, CA, and the SBA lists its industry as Recreational Goods Rental. It was approved for an SBA 504 loan ($3,008,000 SBA portion) on November 3, 2023 to finance real estate or equipment.
SBA 504 loan, approved Nov 3, 2023
- SBA (CDC) portion
- $3,008,000
- Bank portion
- $3,851,542
- Estimated project size
- $7,621,713 (estimated)
- Estimated owner equity
- $762,171 (estimated, about 10% of the project)
- Bank lender
- US Bank, St. Paul, MN
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- November 3, 2048 (estimated, approval date plus term)
- First disbursement
- Mar 13, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 532284, Recreational Goods Rental
- 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 51% SBA (CDC) 39% Owner 10%
- Average expansion loan in Recreational Goods Rental: $2,110,400.
- 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
- Bike and View LLC, San Francisco