Mission Viejo Ornamental Iron, Inc.
Mission Viejo Ornamental Iron, Inc. is an ornamental and architectural metal work manufacturer in Merced, California. The company financed real estate or equipment through an SBA 504 loan of $1,742,000, approved on September 28, 2026, with BMO Bank National Association as the lender and The Mortgage Capital Development Corporation as the certified development company.
SBA 504 loan, approved Sep 28, 2026
$1,742,000 SBA portionCDC: The Mortgage Capital Development Corporation25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $1,742,000
- Bank portion
- $2,125,000
- Estimated project size
- $4,296,667 (estimated)
- Estimated owner equity
- $429,667 (estimated, about 10% of the project)
- Bank lender
- BMO Bank National Association, Chicago, IL
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- September 28, 2051 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 46
- Business type
- Corporation
- NAICS
- 332323, Ornamental and Architectural Metal Work Manufacturing
- Project location
- Merced County, CA
- SBA district office
- Fresno District Office
- Congressional district
- CA-16
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Average expansion loan in Ornamental and Architectural Metal Work Manufacturing: $1,563,667.
- 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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