Main Street Registry

Sandra Wence and Gerardo Wence

Walnut Creek, CA · Full-Service Restaurants · NAICS 722511

Sandra Wence and Gerardo Wence, located in Walnut Creek, California, operate in the Full-Service Restaurants industry. The business financed real estate or equipment through an SBA 504 loan of $1,501,000, approved on January 30, 2024, with Grasshopper Bank National Association as the participating lender and Advantage Certified Development Corporation as the certified development company.

SBA 504 loan, approved Jan 30, 2024

$1,501,000 SBA portionCDC: Advantage Certified Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,501,000
Bank portion
$1,829,000
Estimated project size
$3,700,000 (estimated)
Estimated owner equity
$370,000 (estimated, about 10% of the project)
Bank lender
Grasshopper Bank National Association, New York, NY
CDC
Advantage Certified Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
January 30, 2049 (estimated, approval date plus term)
First disbursement
Apr 17, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
11
Business type
Individual
NAICS
722511, Full-Service Restaurants
Project location
Contra Costa County, CA
SBA district office
San Francisco District Office
Congressional district
CA-11
Collateral
Yes

Estimated share of project by source

Bank 49% SBA (CDC) 41% Owner 10%

  • Larger than 50% of expansion loans in Full-Service Restaurants on this site.
  • Average expansion loan in Full-Service Restaurants: $1,813,082.
  • 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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Same industry in California