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Sol Wave Water, a California corporation

Santa Barbara, CA · Other Miscellaneous Durable Goods Merchant Wholesalers · NAICS 423990

Sol Wave Water, a California corporation, is located in Santa Barbara, California, and is classified in the NAICS industry Other Miscellaneous Durable Goods Merchant Wholesalers. The business financed real estate or equipment through an SBA 504 loan of $1,068,000 approved on November 5, 2024, through American Riviera Bank with the California Statewide Certified Development Corporation.

SBA 504 loan, approved Nov 5, 2024

$1,068,000 SBA portionCDC: California Statewide Certified Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,068,000
Bank portion
$1,300,000
Estimated project size
$2,631,111 (estimated)
Estimated owner equity
$263,111 (estimated, about 10% of the project)
Bank lender
American Riviera Bank, Santa Barbara, CA
CDC
California Statewide Certified Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
November 5, 2049 (estimated, approval date plus term)
First disbursement
Jan 15, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
2
Business type
Corporation
NAICS
423990, Other Miscellaneous Durable Goods Merchant Wholesalers
Project location
Santa Barbara County, CA
SBA district office
Los Angeles District Office
Congressional district
CA-24
Collateral
Yes

Estimated share of project by source

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

  • Larger than 6% of expansion loans in Other Miscellaneous Durable Goods Merchant Wholesalers on this site.
  • Average expansion loan in Other Miscellaneous Durable Goods Merchant Wholesalers: $2,562,152.
  • 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