Metricom Networks
Metricom Networks is located in Redlands, CA, and the SBA lists its industry as Other Building Equipment Contractors. It was approved for an SBA 504 loan ($1,060,000 SBA portion) on January 31, 2024 to finance real estate or equipment.
SBA 504 loan, approved Jan 31, 2024
- SBA (CDC) portion
- $1,060,000
- Bank portion
- $1,290,000
- Estimated project size
- $2,611,111 (estimated)
- Estimated owner equity
- $261,111 (estimated, about 10% of the project)
- Bank lender
- First-Citizens Bank & Trust Company, Raleigh, NC
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- January 31, 2049 (estimated, approval date plus term)
- First disbursement
- Apr 17, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 238290, Other Building Equipment Contractors
- Project location
- San Bernardino County, CA
- SBA district office
- Santa Ana District Office
- Congressional district
- CA-8
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 7% of expansion loans in Other Building Equipment Contractors on this site.
- Average expansion loan in Other Building Equipment Contractors: $1,566,214.
- 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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