Plank Family Properties LLC
Plank Family Properties LLC, located in Shafter, California, is classified under the industry Highway, Street, and Bridge Construction (NAICS 237310). The company financed real estate or equipment through an SBA 504 loan of $2,031,000, approved on April 4, 2024, with JPMorgan Chase Bank, National Association as the bank partner and Advantage Certified Development Corporation as the certified development company.
SBA 504 loan, approved Apr 4, 2024
$2,031,000 SBA portionCDC: Advantage Certified Development Corporation25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $2,031,000
- Bank portion
- $2,223,465
- Estimated project size
- $4,727,183 (estimated)
- Estimated owner equity
- $472,718 (estimated, about 10% of the project)
- Bank lender
- JPMorgan Chase Bank, National Association, Columbus, OH
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- April 4, 2049 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 237310, Highway, Street, and Bridge Construction
- Project location
- Kern County, CA
- SBA district office
- Fresno District Office
- Congressional district
- CA-21
- Collateral
- Yes
Estimated share of project by source
Bank 47% SBA (CDC) 43% Owner 10%
- Average expansion loan in Highway, Street, and Bridge Construction: $1,681,571.
- 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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