Socal Air Welding Supply & Industrialgases, Inc.
Socal Air Welding Supply & Industrialgases, Inc. is a business in Fontana, CA, classified under NAICS 561499 (All Other Business Support Services). The company financed real estate or equipment through an SBA 504 loan of $1,457,000, approved on March 28, 2024, through First-Citizens Bank & Trust Company, with Business Finance Capital as the certified development company.
SBA 504 loan, approved Mar 28, 2024
$1,457,000 SBA portionCDC: Business Finance Capital25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,457,000
- Bank portion
- $1,775,000
- Estimated project size
- $3,591,111 (estimated)
- Estimated owner equity
- $359,111 (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
- March 28, 2049 (estimated, approval date plus term)
- First disbursement
- Jul 17, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 561499, All Other Business Support Services
- Project location
- San Bernardino County, CA
- SBA district office
- Santa Ana District Office
- Congressional district
- CA-35
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Average expansion loan in All Other Business Support Services: $1,635,500.
- 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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