Wetmore's
Wetmore's, located in Phoenix, Arizona, operates in the motor vehicle supplies and new parts merchant wholesalers industry (NAICS 423120). The business financed real estate or equipment through an SBA 504 loan of $2,805,000, with Fifth Third Bank as the partner lender and The Mortgage Capital Development Corporation as the certified development company, approved on November 6, 2024.
SBA 504 loan, approved Nov 6, 2024
$2,805,000 SBA portionCDC: The Mortgage Capital Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $2,805,000
- Bank portion
- $3,483,500
- Estimated project size
- $6,987,222 (estimated)
- Estimated owner equity
- $698,722 (estimated, about 10% of the project)
- Bank lender
- Fifth Third Bank, Cincinnati, OH
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- November 6, 2049 (estimated, approval date plus term)
- First disbursement
- Jun 11, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 423120, Motor Vehicle Supplies and New Parts Merchant Wholesalers
- Project location
- Maricopa County, AZ
- SBA district office
- Arizona District Office
- Congressional district
- AZ-7
- Collateral
- Yes
Estimated share of project by source
Bank 50% SBA (CDC) 40% Owner 10%
- Average expansion loan in Motor Vehicle Supplies and New Parts Merchant Wholesalers: $1,906,333.
- Average expansion loan in Arizona: $2,074,452.
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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