Main Street Registry

Mila Banquet Hall & Restaurant

Los Angeles (Area of Granada Hills), CA · Food Service Contractors · NAICS 722310

Mila Banquet Hall & Restaurant, located in the Los Angeles area of Granada Hills, California, is classified under the food service contractors industry (NAICS 722310). It financed real estate or equipment through an SBA 504 loan of $1,017,000, approved on May 30, 2024, with Harvest Commercial Capital, LLC as the lender and Business Finance Capital as the certified development company.

SBA 504 loan, approved May 30, 2024

$1,017,000 SBA portionCDC: Business Finance Capital25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,017,000
Bank portion
$1,236,600
Estimated project size
$2,504,000 (estimated)
Estimated owner equity
$250,400 (estimated, about 10% of the project)
Bank lender
Harvest Commercial Capital, LLC, Laguna Hills, CA
CDC
Business Finance Capital
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
May 30, 2049 (estimated, approval date plus term)
First disbursement
Sep 11, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
4
Business type
Corporation
NAICS
722310, Food Service Contractors
Project location
Los Angeles County, CA
SBA district office
Los Angeles District Office
Congressional district
CA-25
Collateral
Yes

Estimated share of project by source

Bank 49% SBA (CDC) 41% Owner 10%

  • Larger than 6% of expansion loans in Food Service Contractors on this site.
  • Average expansion loan in Food Service Contractors: $2,097,444.
  • 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