Main Street Registry

Park & Chen Enterprises LLC

Cerritos, CA · Other Miscellaneous Nondurable Goods Merchant Wholesalers · NAICS 424990

Park & Chen Enterprises LLC is a wholesale business in Cerritos, California, classified under other miscellaneous nondurable goods merchant wholesalers. The company financed real estate or equipment through an SBA 504 loan of $2.29 million, approved on March 18, 2026, with Bank of America, National Association as the bank lender and Business Finance Capital as the certified development company.

SBA 504 loan, approved Mar 18, 2026

$2,290,000 SBA portionCDC: Business Finance Capital25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$2,290,000
Bank portion
$2,780,500
Estimated project size
$5,633,889 (estimated)
Estimated owner equity
$563,389 (estimated, about 10% of the project)
Bank lender
Bank of America, National Association, Charlotte, NC
CDC
Business Finance Capital
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
March 18, 2051 (estimated, approval date plus term)
First disbursement
Jun 17, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
3
Business type
Corporation
NAICS
424990, Other Miscellaneous Nondurable Goods Merchant Wholesalers
Project location
Los Angeles County, CA
SBA district office
Los Angeles District Office
Congressional district
CA-38
Collateral
Yes

Estimated share of project by source

Bank 49% SBA (CDC) 41% Owner 10%

  • Larger than 62% of expansion loans in Other Miscellaneous Nondurable Goods Merchant Wholesalers on this site.
  • Average expansion loan in Other Miscellaneous Nondurable Goods Merchant Wholesalers: $2,330,259.
  • 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