Melissa Morgan Fine Art
Melissa Morgan Fine Art is an art dealer located in Palm Desert, California, classified under NAICS 459920 (Art Dealers). The company financed real estate or equipment through an SBA 504 loan of $1,114,000, with First-Citizens Bank & Trust Company as the lender and Southland Economic Development Corporation as the certified development company, with approval dated August 6, 2026.
SBA 504 loan, approved Aug 6, 2026
$1,114,000 SBA portionCDC: Southland Economic Development Corporation25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $1,114,000
- Bank portion
- $1,425,000
- Estimated project size
- $2,821,111 (estimated)
- Estimated owner equity
- $282,111 (estimated, about 10% of the project)
- Bank lender
- First-Citizens Bank & Trust Company, Raleigh, NC
- Processing method
- 504 Refinancing: refinances existing business debt
- Term
- 25 years (300 months)
- Estimated maturity
- August 6, 2051 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 459920, Art Dealers
- Project location
- Riverside County, CA
- SBA district office
- Santa Ana District Office
- Congressional district
- CA-36
- Collateral
- Yes
Estimated share of project by source
Bank 51% SBA (CDC) 39% Owner 10%
- Average expansion loan in Art Dealers: $1,773,500.
- 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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