Main Street Registry

Ocean Skin and Vein Institute

Manhattan Beach, CA · Offices of All Other Miscellaneous Health Practitioners · NAICS 621399

Ocean Skin and Vein Institute is a health practice in Manhattan Beach, California, in the offices of all other miscellaneous health practitioners industry. The business was approved for an SBA 504 loan that financed real estate or equipment, with an SBA portion of $4,963,000, through First-Citizens Bank & Trust Company and Advantage Certified Development Corporation, with approval dated February 24, 2025.

SBA 504 loan, approved Feb 24, 2025

$4,963,000 SBA portionCDC: Advantage Certified Development Corporation25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$4,963,000
Bank portion
$7,950,000
Estimated project size
$14,347,778 (estimated)
Estimated owner equity
$1,434,778 (estimated, about 10% of the project)
Bank lender
First-Citizens Bank & Trust Company, Raleigh, NC
CDC
Advantage Certified Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
February 24, 2050 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
9
Business type
Corporation
NAICS
621399, Offices of All Other Miscellaneous Health Practitioners
Project location
Los Angeles County, CA
SBA district office
Los Angeles District Office
Congressional district
CA-33
Collateral
Yes

Estimated share of project by source

Bank 55% SBA (CDC) 35% Owner 10%

  • Larger than 93% of expansion loans in Offices of All Other Miscellaneous Health Practitioners on this site.
  • Average expansion loan in Offices of All Other Miscellaneous Health Practitioners: $1,896,630.
  • 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