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Rafael Rangel Jr.and Bianca Priscilla Rangel, Trustees of The Rangel Family Tr

Inglewood, CA · Plumbing, Heating, and Air-Conditioning Contractors · NAICS 238220

Rafael Rangel Jr. and Bianca Priscilla Rangel, Trustees of The Rangel Family Tr, located in Inglewood, CA, operates in plumbing, heating, and air-conditioning contracting. The business financed real estate or equipment through an SBA 504 loan of $1,232,000, approved on December 8, 2023, with Cathay Bank as the lender.

SBA 504 loan, approved Dec 8, 2023

$1,232,000 SBA portionCDC: Business Finance Capital25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,232,000
Bank portion
$1,500,000
Estimated project size
$3,035,556 (estimated)
Estimated owner equity
$303,556 (estimated, about 10% of the project)
Bank lender
Cathay Bank, Los Angeles, CA
CDC
Business Finance Capital
Processing method
504 Basic: standard SBA processing through a CDC
Term
25 years (300 months)
Estimated maturity
December 8, 2048 (estimated, approval date plus term)
First disbursement
Jun 12, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
5
Business type
Corporation
NAICS
238220, Plumbing, Heating, and Air-Conditioning Contractors
Project location
Los Angeles County, CA
SBA district office
Los Angeles District Office
Congressional district
CA-43
Collateral
Yes

Estimated share of project by source

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

  • Larger than 16% of expansion loans in Plumbing, Heating, and Air-Conditioning Contractors on this site.
  • Average expansion loan in Plumbing, Heating, and Air-Conditioning Contractors: $1,998,914.
  • 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