Wholesale Tire Distributors
Wholesale Tire Distributors is a business in Pasadena, CA, in the Other Motor Vehicle Parts Manufacturing industry (NAICS 336390). The business financed real estate or equipment through an SBA 504 loan, with an SBA portion of $3,337,000, approved on June 10, 2024, by American Plus Bank National Association with Business Finance Capital as the certified development company.
SBA 504 loan, approved Jun 10, 2024
$3,337,000 SBA portionCDC: Business Finance Capital25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $3,337,000
- Bank portion
- $4,075,000
- Estimated project size
- $8,235,556 (estimated)
- Estimated owner equity
- $823,556 (estimated, about 10% of the project)
- Bank lender
- American Plus Bank National Association, Arcadia, CA
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- June 10, 2049 (estimated, approval date plus term)
- First disbursement
- Mar 12, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 336390, Other Motor Vehicle Parts Manufacturing
- Project location
- Los Angeles County, CA
- SBA district office
- Los Angeles District Office
- Congressional district
- CA-27
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Average expansion loan in Other Motor Vehicle Parts Manufacturing: $2,401,200.
- 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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