Main Street Registry

Schmitz Woodworks, Inc.

Watsonville, CA · All Other Miscellaneous Wood Product Manufacturing · NAICS 321999

Schmitz Woodworks, Inc. is a business in Watsonville, California, in the all other miscellaneous wood product manufacturing industry (NAICS 321999). The company financed real estate or equipment through an SBA 504 loan of $1,490,000 approved on August 27, 2024, with Bank of America N.A. as the lender and The Mortgage Capital Development Corporation as the certified development company.

SBA 504 loan, approved Aug 27, 2024

$1,490,000 SBA portionCDC: The Mortgage Capital Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,490,000
Bank portion
$1,817,500
Estimated project size
$3,675,000 (estimated)
Estimated owner equity
$367,500 (estimated, about 10% of the project)
Bank lender
Bank of America N.a., Charlotte, NC
CDC
The Mortgage Capital Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
August 27, 2049 (estimated, approval date plus term)
First disbursement
Apr 16, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
4
Business type
Corporation
NAICS
321999, All Other Miscellaneous Wood Product Manufacturing
Project location
Santa Cruz County, CA
SBA district office
San Francisco District Office
Congressional district
CA-18
Collateral
Yes

Estimated share of project by source

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

  • Larger than 67% of expansion loans in All Other Miscellaneous Wood Product Manufacturing on this site.
  • Average expansion loan in All Other Miscellaneous Wood Product Manufacturing: $1,630,917.
  • 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