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One of Largest SBA-504 Loans in SoCal History Completed

December 18, 2013 | Commercial Real Estate Loans

CDC Small Business Finance, in partnership with Pacific Mercantile Bank, has closed one of the largest SBA-504 loans in Inland Veg-Fresh Farms logoEmpire history – a $23 million transaction to finance the purchase of a Corona production facility and equipment for Veg-Fresh Farms, one of the larger fresh-vegetable wholesalers in Southern California.

Currently located in a 100,000-square-foot building in Anaheim, Veg-Fresh anticipates moving into its new, 187,000-square-foot facility on Rincon Road in Corona next year.  The company will initiate tenant improvements to customize the building for its use.  Over the next two years, Veg-Fresh projects it will create 60 new jobs. The company currently employs 240.

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