Ravinder M. Joshi and Vaishali M. Joshi, Trustees of the M Joshi Revocable Living Trust dated May 10, 2020
Ravinder M. Joshi and Vaishali M. Joshi, Trustees of the M Joshi Revocable Living Trust dated May 10, 2020, is a rolling mill and other metalworking machinery manufacturer in Jurupa Valley, CA, operating in the business described by NAICS code 333519. The business was financed with an SBA 504 loan approved on April 22, 2025, for $3,072,000 through Bank of America N.A.
SBA 504 loan, approved Apr 22, 2025
$3,072,000 SBA portionCDC: Business Finance Capital25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $3,072,000
- Bank portion
- $3,300,000
- Estimated project size
- $7,080,000 (estimated)
- Estimated owner equity
- $708,000 (estimated, about 10% of the project)
- Bank lender
- Bank of America N.a., Charlotte, NC
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- April 22, 2050 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 333519, Rolling Mill and Other Metalworking Machinery Manufacturing
- Project location
- Riverside County, CA
- SBA district office
- Santa Ana District Office
- Congressional district
- CA-35
- Collateral
- Yes
Estimated share of project by source
Bank 47% SBA (CDC) 43% Owner 10%
- Average expansion loan in Rolling Mill and Other Metalworking Machinery Manufacturing: $3,072,000.
- 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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