SMS Sparton Metal Services, Inc.
SMS Sparton Metal Services, Inc. is located in Rancho Santa Margarita, CA, and the SBA lists its industry as Recyclable Material Merchant Wholesalers. It was approved for an SBA 504 loan ($1,845,000 SBA portion) on June 4, 2024 to finance real estate or equipment.
SBA 504 loan, approved Jun 4, 2024
- SBA (CDC) portion
- $1,845,000
- Bank portion
- $2,097,972
- Estimated project size
- $4,381,080 (estimated)
- Estimated owner equity
- $438,108 (estimated, about 10% of the project)
- Bank lender
- Bank of America, National Association, Charlotte, NC
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- June 4, 2049 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 423930, Recyclable Material Merchant Wholesalers
- Project location
- Orange County, CA
- SBA district office
- Santa Ana District Office
- Congressional district
- CA-46
- Collateral
- Yes
Estimated share of project by source
Bank 48% SBA (CDC) 42% Owner 10%
- Larger than 32% of expansion loans in Recyclable Material Merchant Wholesalers on this site.
- Average expansion loan in Recyclable Material Merchant Wholesalers: $2,389,263.
- 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
- Progressive Scrap Metals, Inc., Fontana
- Zhongwen Du, South El Monte
- Am.mex Recycling, Los Angeles
- California Scrap of Fontana, Fontana