Main Street Registry

The Olive Oil Factory, LLC

Fairfield, CA · All Other Miscellaneous Food Manufacturing · NAICS 311999

The Olive Oil Factory, LLC is a business in Fairfield, CA, in the All Other Miscellaneous Food Manufacturing industry (NAICS 311999). It financed real estate or equipment through an SBA 504 loan of $4,908,000, with First-Citizens Bank & Trust Company as the lender and Capital Access Group, Inc. as the certified development company, with approval dated December 29, 2023.

SBA 504 loan, approved Dec 29, 2023

$4,908,000 SBA portionCDC: Capital Access Group, Inc.20 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$4,908,000
Bank portion
$6,000,000
Estimated project size
$12,120,000 (estimated)
Estimated owner equity
$1,212,000 (estimated, about 10% of the project)
Bank lender
First-Citizens Bank & Trust Company, Raleigh, NC
CDC
Capital Access Group, Inc.
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
20 years (240 months)
Estimated maturity
December 29, 2043 (estimated, approval date plus term)
First disbursement
May 15, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
36
Business type
Corporation
NAICS
311999, All Other Miscellaneous Food Manufacturing
Project location
Solano County, CA
SBA district office
San Francisco District Office
Congressional district
CA-3
Collateral
Yes

Estimated share of project by source

Bank 50% SBA (CDC) 40% Owner 10%

  • Larger than 88% of expansion loans in All Other Miscellaneous Food Manufacturing on this site.
  • Average expansion loan in All Other Miscellaneous Food Manufacturing: $2,746,824.
  • 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