SBA lending record

Tropical Fish International

1405 W 178TH ST, Gardena, CA 90248 · Other Miscellaneous Nondurable Goods Merchant Wholesalers. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.

$3.5M

Total SBA financing

Loan on record

FY2023

On record

Jobs supported

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

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The loan

$3,500,000 — FY2023

Gross approval: $3,500,000
SBA guaranteed: $2,625,000 (75%)
Status: In workout — SBA bought the guarantee
Rate at approval: 10.75% v
Term: 120 mo (10 yr)
Program: Preferred Lenders Program
Subprogram: Guaranty
Loan type: Term loan
Purpose: Other / working capital
Approved: 3/8/2023
First disbursement: 5/17/2023
Days to fund: 70 days
Collateral: Required
Sold on secondary market: Yes

The lender

Newtek Bank, National Association

1 loan to this business

Total assets: $2162.1B
Deposits: $1936.2B
Loans outstanding: $1642.2B
Net income: $20.2B
Return on assets: 4.152200415970278%
Return on equity: 46.2%
Total equity: $182.5B
Offices: 1
Founded: 04/0
Headquarters: 1111 Brickell Ave, Miami, FL, 33131
FDIC cert: 18734
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 Tropical Fish International.