Main Street Registry

Sungarden Villa

Citrus Heights, CA · Assisted Living Facilities for the Elderly · NAICS 623312

Sungarden Villa, located in Citrus Heights, California, operates in the assisted living facilities for the elderly industry (NAICS 623312). The business financed real estate or equipment through an SBA 504 loan of $1,326,000, with Wells Fargo Bank National Association as the lender and Capital Access Group, Inc. as the certified development company, approved on January 8, 2024.

SBA 504 loan, approved Jan 8, 2024

SBA (CDC) portion
$1,326,000
Bank portion
$1,896,000
Estimated project size
$3,580,000 (estimated)
Estimated owner equity
$358,000 (estimated, about 10% of the project)
Bank lender
Wells Fargo Bank National Association, Sioux Falls, SD
CDC
Capital Access Group, Inc.
Processing method
504 Refinancing: refinances existing business debt
Term
25 years (300 months)
Estimated maturity
January 8, 2049 (estimated, approval date plus term)
First disbursement
Mar 13, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
12
Business type
Corporation
NAICS
623312, Assisted Living Facilities for the Elderly
Project location
Sacramento County, CA
SBA district office
Sacramento District Office
Congressional district
CA-7
Collateral
Yes

Estimated share of project by source

Bank 53% SBA (CDC) 37% Owner 10%

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