SBA lending record

Venice Beach Tea Company

2547 East 57TH ST, Huntington Park, CA 90255 · Soft Drink Manufacturing. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.

$638K

Total SBA financing

Loan on record

FY2021

On record

Jobs supported

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

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The loan

$638,000 — FY2021

Gross approval: $638,000
SBA guaranteed: $574,200 (90%)
Status: Current
Rate at approval: 5.25% v
Term: 300 mo (25 yr)
Program: Preferred Lenders Program
Subprogram: Guaranty
Loan type: Term loan
Purpose: Other / working capital
Approved: 5/20/2021
First disbursement: 6/8/2021
Days to fund: 19 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 Venice Beach Tea Company.