San Diego Advanced Gastroenterology Associates
San Diego Advanced Gastroenterology Associates, located in La Mesa, California, is an office of physicians (except mental health specialists) under NAICS code 621111. The business financed real estate or equipment through an SBA 504 loan of $1,036,000 approved on April 26, 2024, with First-Citizens Bank & Trust Company as the lender and The Mortgage Capital Development Corporation as the certified development company.
SBA 504 loan, approved Apr 26, 2024
$1,036,000 SBA portionCDC: The Mortgage Capital Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,036,000
- Bank portion
- $1,262,500
- Estimated project size
- $2,553,889 (estimated)
- Estimated owner equity
- $255,389 (estimated, about 10% of the project)
- Bank lender
- First-Citizens Bank & Trust Company, Raleigh, NC
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- April 26, 2049 (estimated, approval date plus term)
- First disbursement
- Jul 17, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 13
- Business type
- Corporation
- NAICS
- 621111, Offices of Physicians (except Mental Health Specialists)
- Project location
- San Diego County, CA
- SBA district office
- San Diego District Office
- Congressional district
- CA-50
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 3% of expansion loans in Offices of Physicians (except Mental Health Specialists) on this site.
- Average expansion loan in Offices of Physicians (except Mental Health Specialists): $2,141,987.
- 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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