Sorella Apothecary, a Nevada Corporation
Sorella Apothecary, a Nevada Corporation, is located in Reno, Nevada, and is classified under the industry Other Personal Care Services (NAICS 812199). The business was financed through an SBA 504 loan of $1,899,000 approved on February 1, 2024, with Morgan Stanley Bank, National Association as the lending bank and California Statewide Certified Development Corporation as the certified development company.
SBA 504 loan, approved Feb 1, 2024
$1,899,000 SBA portionCDC: California Statewide Certified Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,899,000
- Bank portion
- $2,000,000
- Estimated project size
- $4,332,222 (estimated)
- Estimated owner equity
- $433,222 (estimated, about 10% of the project)
- Bank lender
- Morgan Stanley Bank, National Association, Salt Lake City, UT
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- February 1, 2049 (estimated, approval date plus term)
- First disbursement
- Oct 16, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 812199, Other Personal Care Services
- Project location
- Washoe County, NV
- SBA district office
- Nevada District Office
- Congressional district
- NV-2
- Collateral
- Yes
Estimated share of project by source
Bank 46% SBA (CDC) 44% Owner 10%
- Larger than 91% of expansion loans in Other Personal Care Services on this site.
- Average expansion loan in Other Personal Care Services: $1,501,000.
- Average expansion loan in Nevada: $2,098,935.
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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