Ramon Moreno Cuevas
Ramon Moreno Cuevas is located in Los Angeles, CA, and the SBA lists its industry as Retail Bakeries. It was approved for an SBA 7(a) loan of $817,300 for a change of ownership on January 5, 2024.
SBA 7(a) loan, change of ownership, approved Jan 5, 2024
- Gross approval
- $817,300
- SBA-guaranteed amount
- $612,975 (75% of the approval)
- Lender
- Sunflower Bank National Association, Dallas, TX
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.25%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- January 5, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $7,571 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 21, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 7
- Business type
- Individual
- NAICS
- 311811, Retail Bakeries
- Project location
- Los Angeles County, CA
- SBA district office
- Los Angeles District Office
- Congressional district
- CA-37
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 50% of acquisition loans in Retail Bakeries on this site.
- Average acquisition loan in Retail Bakeries: $1,252,861.
- Average acquisition loan in California: $1,688,228.
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
- G&E Grace Corp., Sierra Madre
- Jerusalem Bakery, Sacramento
- Escobar Family Real Estate Holdings, LLC, Poway
- Esperanza's Tortilleria, San Marcos
- Miss Moon SC Bakery Inc, Santa Clara
- Doughtronics, Inc., South San Francisco
- CA Cupcakes Palo Alto LLC, San Ramon