Main Street Registry

The Margarian Law Firm

Glendale, CA · Offices of Lawyers · NAICS 541110

The Margarian Law Firm, located in Glendale, California, operates in the offices of lawyers industry (NAICS 541110). The business financed real estate or equipment through an SBA 504 loan of $1,293,000, approved on February 8, 2024, with Wells Fargo Bank National Association as the bank partner and Advantage Certified Development Corporation as the certified development company.

SBA 504 loan, approved Feb 8, 2024

$1,293,000 SBA portionCDC: Advantage Certified Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,293,000
Bank portion
$1,575,000
Estimated project size
$3,186,667 (estimated)
Estimated owner equity
$318,667 (estimated, about 10% of the project)
Bank lender
Wells Fargo Bank National Association, Sioux Falls, SD
CDC
Advantage Certified Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
February 8, 2049 (estimated, approval date plus term)
First disbursement
May 15, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
9
Business type
Corporation
NAICS
541110, Offices of Lawyers
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 26% of expansion loans in Offices of Lawyers on this site.
  • Average expansion loan in Offices of Lawyers: $1,858,425.
  • 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