Rudy's Commercial Refrigeration, Inc.
Rudy's Commercial Refrigeration, Inc. is an air-conditioning, warm air heating, and commercial and industrial refrigeration equipment manufacturer located in San Pablo, CA. The company financed real estate or equipment through an SBA 504 loan of $1,257,000 with CTBC Bank Corp. (USA) and Capital Access Group, Inc., approved July 9, 2024.
SBA 504 loan, approved Jul 9, 2024
$1,257,000 SBA portionCDC: Capital Access Group, Inc.25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,257,000
- Bank portion
- $1,500,000
- Estimated project size
- $3,063,333 (estimated)
- Estimated owner equity
- $306,333 (estimated, about 10% of the project)
- Bank lender
- CTBC Bank Corp. (USA), Los Angeles, CA
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- July 9, 2049 (estimated, approval date plus term)
- First disbursement
- Nov 13, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 333415, Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing
- Project location
- Contra Costa County, CA
- SBA district office
- San Francisco District Office
- Congressional district
- CA-5
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Average expansion loan in Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing: $1,363,500.
- 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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