Wesley & Reed LLC
Wesley & Reed LLC is located in Rancho Cordova, CA, and the SBA lists its industry as Musical Instrument Manufacturing. It was approved for an SBA 504 loan ($1,262,000 SBA portion) on January 16, 2025 to finance real estate or equipment.
SBA 504 loan, approved Jan 16, 2025
- SBA (CDC) portion
- $1,262,000
- Bank portion
- $1,525,000
- Estimated project size
- $3,096,667 (estimated)
- Estimated owner equity
- $309,667 (estimated, about 10% of the project)
- Bank lender
- Columbia Bank, Lake Oswego, OR
- Processing method
- Premier Certified Lenders Program: CDC approved under delegated SBA authority
- Term
- 25 years (300 months)
- Estimated maturity
- January 16, 2050 (estimated, approval date plus term)
- First disbursement
- Apr 16, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 33
- Business type
- Corporation
- NAICS
- 339992, Musical Instrument Manufacturing
- Project location
- Sacramento County, CA
- SBA district office
- Sacramento District Office
- Congressional district
- CA-7
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Average expansion loan in Musical Instrument Manufacturing: $1,262,000.
- 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.
Is this your company? Claim or correct this listing. See Corrections.