Vartan Gevorkian
Vartan Gevorkian is a dance company located in Burbank, California, classified under the industry Dance Companies. The business financed real estate or equipment through an SBA 504 loan with a SBA portion of $1,913,000, approved on July 17, 2024, through First-Citizens Bank & Trust Company and the California Statewide Certified Development Corporation.
SBA 504 loan, approved Jul 17, 2024
$1,913,000 SBA portionCDC: California Statewide Certified Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,913,000
- Bank portion
- $2,340,000
- Estimated project size
- $4,725,556 (estimated)
- Estimated owner equity
- $472,556 (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
- July 17, 2049 (estimated, approval date plus term)
- First disbursement
- Jan 15, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Individual
- NAICS
- 711120, Dance Companies
- Project location
- Los Angeles County, CA
- SBA district office
- Los Angeles District Office
- Congressional district
- CA-28
- Collateral
- Yes
Estimated share of project by source
Bank 50% SBA (CDC) 40% Owner 10%
- Average expansion loan in Dance Companies: $1,558,167.
- 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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