SBA lending record

MAJESTIC LIGHTING INC.

1741 W ROSECRANS AVE, Gardena, CA 90249 · Electrical Apparatus and Equipment, Wiring Supplies, and Rel. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.

$1.9M

Total SBA financing

Loan on record

FY2020

On record

Jobs supported

● business — business location is the ZIP-area centroid from the public record

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The loan

$1,921,000 — FY2020

Gross approval: $1,921,000
SBA guaranteed: $1,440,750 (75%)
Status: Current
Rate at approval: 5% v
Term: 300 mo (25 yr)
Program: Preferred Lenders Program
Subprogram: Guaranty
Loan type: Term loan
Purpose: Other / working capital
Approved: 8/21/2020
First disbursement: 8/31/2020
Days to fund: 10 days
Collateral: Required
Sold on secondary market: Yes

The lender

VelocitySBA, LLC

1 loan to this business

Full lending record on the lender page.

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DealRoom listing built from public SBA 7(a) lending records and FDIC BankFind. Figures are as reported; verify before relying on them. Not affiliated with MAJESTIC LIGHTING INC..