ThermoLife International, LLC
ThermoLife International, LLC is a food and health supplement retailer located in Signal Hill, California, classified under NAICS code 456191. The company financed real estate or equipment through an SBA 504 loan of $1,413,000, approved on April 19, 2024, with California International Bank, A National Banking Association as the bank partner and Advantage Certified Development Corporation as the certified development company.
SBA 504 loan, approved Apr 19, 2024
$1,413,000 SBA portionCDC: Advantage Certified Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,413,000
- Bank portion
- $1,377,500
- Estimated project size
- $3,100,556 (estimated)
- Estimated owner equity
- $310,056 (estimated, about 10% of the project)
- Bank lender
- California International Bank, A National Banking Association, Westminster, CA
- Processing method
- 504 Refinancing: refinances existing business debt
- Term
- 25 years (300 months)
- Estimated maturity
- April 19, 2049 (estimated, approval date plus term)
- First disbursement
- Jul 17, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 456191, Food (Health) Supplement Retailers
- Project location
- Los Angeles County, CA
- SBA district office
- Los Angeles District Office
- Congressional district
- CA-47
- Collateral
- Yes
Estimated share of project by source
Bank 44% SBA (CDC) 46% Owner 10%
- Average expansion loan in Food (Health) Supplement Retailers: $1,213,333.
- 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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