Palm Avenue Builders LLC
Palm Avenue Builders LLC is located in Santa Barbara, CA, and the SBA lists its industry as New Single-Family Housing Construction (except For-Sale Builders). It was approved for an SBA 504 loan ($1,201,000 SBA portion) on January 30, 2025 to finance real estate or equipment.
SBA 504 loan, approved Jan 30, 2025
- SBA (CDC) portion
- $1,201,000
- Bank portion
- $1,462,500
- Estimated project size
- $2,959,444 (estimated)
- Estimated owner equity
- $295,944 (estimated, about 10% of the project)
- Bank lender
- Montecito Bank and Trust, Santa Barbara, CA
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- January 30, 2050 (estimated, approval date plus term)
- First disbursement
- Apr 16, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 65
- Business type
- Corporation
- NAICS
- 236115, New Single-Family Housing Construction (except For-Sale Builders)
- Project location
- Santa Barbara County, CA
- SBA district office
- Los Angeles District Office
- Congressional district
- CA-24
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 39% of expansion loans in New Single-Family Housing Construction (except For-Sale Builders) on this site.
- Average expansion loan in New Single-Family Housing Construction (except For-Sale Builders): $1,511,043.
- 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
- Rore Management, Walnut Creek
- Earth Bound Homes, Inc., Campbell
- Corbin Reeves Construction, Costa Mesa
- Good Life Construction, Inc, North Highlands
- Full Swing Construction, Inc., Garden Grove
- Cook Construction, San Rafael
- Sixteen-Sixty, LLC, Tiburon
- Dennis Allen Associates, Santa Barbara