Parmela Creamery
Parmela Creamery is a cheese manufacturing business in Riverside, CA, classified under NAICS code 311513. The company was approved for an SBA 504 loan with an SBA portion of $2,604,000, through Wells Fargo Bank National Association and The Mortgage Capital Development Corporation, with an approval date of July 13, 2026, and the loan was financed for real estate or equipment through an SBA 504 loan.
SBA 504 loan, approved Jul 13, 2026
$2,604,000 SBA portionCDC: The Mortgage Capital Development Corporation25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $2,604,000
- Bank portion
- $3,178,000
- Estimated project size
- $6,424,444 (estimated)
- Estimated owner equity
- $642,444 (estimated, about 10% of the project)
- Bank lender
- Wells Fargo Bank National Association, Sioux Falls, SD
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- July 13, 2051 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 48
- Business type
- Corporation
- NAICS
- 311513, Cheese Manufacturing
- Project location
- Riverside County, CA
- SBA district office
- Santa Ana District Office
- Congressional district
- CA-41
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Average expansion loan in Cheese Manufacturing: $4,534,667.
- 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
- King Cheese Corporation, Upland