MRC Rock & Sand, LLC
MRC Rock & Sand, LLC is a construction sand and gravel mining business in Santa Paula, California. The company financed real estate or equipment through an SBA 504 loan of $1,946,000, approved on February 3, 2025, with Mission Bank as the lender and The Mortgage Capital Development Corporation as the certified development company.
SBA 504 loan, approved Feb 3, 2025
$1,946,000 SBA portionCDC: The Mortgage Capital Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,946,000
- Bank portion
- $2,375,000
- Estimated project size
- $4,801,111 (estimated)
- Estimated owner equity
- $480,111 (estimated, about 10% of the project)
- Bank lender
- Mission Bank, Bakersfield, CA
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- February 3, 2050 (estimated, approval date plus term)
- First disbursement
- Apr 16, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 35
- Business type
- Corporation
- NAICS
- 212321, Construction Sand and Gravel Mining
- Project location
- Ventura County, CA
- SBA district office
- Los Angeles District Office
- Congressional district
- CA-26
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Average expansion loan in Construction Sand and Gravel Mining: $1,702,500.
- 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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