Main Street Registry

Pretty Follies

Vernon, CA · Clothing and Clothing Accessories Merchant Wholesalers · NAICS 424350

Pretty Follies is a business in Vernon, CA, in the clothing and clothing accessories merchant wholesalers industry (NAICS 424350). The company financed real estate or equipment through an SBA 504 loan of $4,093,000 approved on August 20, 2024, with City National Bank as the lending partner and Business Finance Capital as the certified development company.

SBA 504 loan, approved Aug 20, 2024

$4,093,000 SBA portionCDC: Business Finance Capital25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$4,093,000
Bank portion
$5,000,000
Estimated project size
$10,103,333 (estimated)
Estimated owner equity
$1,010,333 (estimated, about 10% of the project)
Bank lender
City National Bank, Los Angeles, CA
CDC
Business Finance Capital
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
August 20, 2049 (estimated, approval date plus term)
First disbursement
Jan 15, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
1
Business type
Corporation
NAICS
424350, Clothing and Clothing Accessories Merchant Wholesalers
Project location
Los Angeles County, CA
SBA district office
Los Angeles District Office
Congressional district
CA-34
Collateral
Yes

Estimated share of project by source

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

  • Larger than 79% of expansion loans in Clothing and Clothing Accessories Merchant Wholesalers on this site.
  • Average expansion loan in Clothing and Clothing Accessories Merchant Wholesalers: $2,506,368.
  • 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