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REJ California Group Inc

Bakersfield, CA · All Other Miscellaneous Fabricated Metal Product Manufacturing · NAICS 332999

REJ California Group Inc is located in Bakersfield, CA, and operates in the All Other Miscellaneous Fabricated Metal Product Manufacturing industry (NAICS 332999). The business was financed with an SBA 7(a) loan for a change of ownership in the amount of $3,837,500, approved on May 1, 2024, through Plumas Bank.

SBA 7(a) loan, change of ownership, approved May 1, 2024

$3,837,500 approvedLender: Plumas Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$3,837,500
SBA-guaranteed amount
$2,878,125 (75% of the approval)
Lender
Plumas Bank, Quincy, CA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
7.75%, fixed
Term
25 years (300 months)
Estimated maturity
May 1, 2049 (estimated, approval date plus term)
Estimated monthly payment
$28,986 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
May 23, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
14
Business type
Corporation
NAICS
332999, All Other Miscellaneous Fabricated Metal Product Manufacturing
Project location
Kern County, CA
SBA district office
Fresno District Office
Congressional district
CA-21
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 77% of acquisition loans in All Other Miscellaneous Fabricated Metal Product Manufacturing on this site.
  • Average acquisition loan in All Other Miscellaneous Fabricated Metal Product Manufacturing: $2,156,280.
  • 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