SBA lending record
RAC Metropole, Inc.
229 METROPOLE AVE., Avalon, CA 90704 · Hotels (except Casino Hotels) and Motels. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.
$4.0M
Total SBA financing
1
Loan on record
FY2022
On record
11
Jobs supported
● business · ● lender — business location is the ZIP-area centroid from the public record
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The loan
$4,000,000 — FY2022
- Gross approval
- $4,000,000
- SBA guaranteed
- $3,000,000 (75%)
- Status
- In workout — SBA bought the guarantee
- Rate at approval
- 4.5% v
- Term
- 274 mo (23 yr)
- Program
- Preferred Lenders Program
- Subprogram
- Guaranty
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 2/11/2022
- First disbursement
- 2/25/2022
- Days to fund
- 14 days
- Collateral
- Required
- Sold on secondary market
- Yes
The lender
American Continental Bank
1 loan to this business- Total assets
- $379.1B
- Deposits
- $311.3B
- Loans outstanding
- $288.7B
- Net income
- $1.5B
- Return on assets
- 1.5539642065314563%
- Return on equity
- 9.74%
- Total equity
- $61.2B
- Offices
- 7
- Founded
- 10/0
- Headquarters
- 17700 Castleton St, City Of Industry, CA, 91748
- FDIC cert
- 57444
- Website
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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 RAC Metropole, Inc..