Success Stories

 
 

FDC: SBDC of Orange County
Lender: California Business Bank
Use of Proceeds: Working Capital

Economic Impact
Jobs Created: 75
Jobs Retained: 21


Senate District: 34
Assembly District: 69

Esports Arena is North America’s first dedicated esports facility and home to all things competitive gaming. They are capable of hosting large scale events, esports tournaments, and a variety of live streams, as well as provide retail products and branding through in-Walmart Arena. The business provides an avenue for gamers to make a living in professional gaming by attracting revenue from established multinational corporations. Esports industry is rapidly growing, for example the 2019 world finals of League of Legends attracted nearly equal viewership of the Superbowl in 2018.

Find them online: http://esportsarena.com

 
 

FDC: California Coastal
Lender: Montecito Bank & Trust
Use of Proceeds: Working Capital

Economic Impact
Jobs Created: 10
Jobs Retained: 6


Senate District: 19
Assembly District: 37

Hook & Press opened its debut location in late 2018 in a shared pop-up space in downtown Santa Barbara, working out of a shared offsite kitchen. With a commitment to hand-crafted donuts and seasonally inspired flavors, their product immediately stood out from the crowd: with long lines, early sellouts, and a loyal following since opening day, Hook & Press was quickly established as the most innovative donut shop on the Central Coast. Hook & Press was voted Best Donut Shop in Santa Barbara in The Santa Barbara Independent’s Annual Readers’ Poll in 2019, 2020, and 2021, and was named in both USA Today and Food Network on their lists of Best Restaurants in Santa Barbara.

Find them online: http://hookandpressdonuts.com

FDC: SBDC of Orange County
Lender: Pacific Premier Bank
Use of Proceeds: CRE Purchase

Economic Impact
Jobs Created: 0
Jobs Retained: 220


Senate District: 26
Assembly District: 50

The Hollywood Wax Museum, Inc. was established in 1964 by Sapuran Singh Sundher (aka Spoony). Spoony raised his four sons in the wax museum attraction business, and in 2005 the sons took ownership and became involved in the family business. The four brothers operate the Hollywood Wax Museum brand including four locations: Los Angeles (Hollywood), California; Myrtle Beach, South Carolina; Branson, Missouri and Pigeon Forge, Tennessee. Each location is owned and operated under separate entities with the same underlying ownership for each entity.

The Hollywood Wax Museum is located on the world-famous Hollywood Walk of Fame which runs in front of their entrance. The Museum is considered a famous destination location when visiting southern California. The museum, which has been operating at the same location for over 57 years, is the most visited indoor attraction in Hollywood and a fun stop for those seeking a classic Hollywood experience!

Find them online: http://hollywoodwaxmuseum.com

 
 

FDC: California Coastal
Lender: Santa Cruz Comm Credit Union
Use of Proceeds: Working Capital

Economic Impact
Jobs Created: 5
Jobs Retained: 3


Senate District: 17
Assembly District: 29

Point Butcher Shop, owned by Tim Estrada brings years of experience in the meat to Santa Cruz. Wanting to serve the local community with Point Butcher Shop offers the freshest, highest quality products at reasonable prices. Estrada started as an apprentice in San Francisco, learning the art of butchering at the age of 17.

Point Butcher Shop offers products from vendors, such as Llano Seco Pork, Niman Ranch, and Mary’s, and Diestel Farms, along with in-house sausages and burgers.

Follow them on Instagram: @pointbutchershop

 
 

FDC: Cal Coastal
Lender: American riviera Bank
Use of Proceeds: Working Capital

Economic Impact
Jobs Created: 0
Jobs Retained: 88


Senate District: 17
Assembly District: 35

Leo Tidwell Excavating Corporation (LTEC) has been a utilities contractor for the past 46 years. This includes substructure: (Plowing, trenching, excavating, directional boring, rodding, pulling, paving, conduit and cable placing, fiber placing and pulling and manhole placement).

Present markets for LTECH include all ‘dry’ utilities, specializing in underground telephone and power substructure placement. Customers include major companies (Verizon, SBC, AT&T, MCI, Sprint, Qwest, Williams Communications, PG&E, SCE, The Gas Company and Kiewit Pacific (Level3 Communications).

The opportunities for utility construction have been dynamic. Existing utility substructure is in need of upgrading, fiber optic is the choice of the future and new companies are entering the market; planning thousands of miles of conduit structure to keep up with the technology. LTEC sees this industry going forward and the demand for “turn-key” work is exceeding the capabilities of most contractors.

 
 

FDC: SBDC of Orange County
Lender: Partners Bank of California
Use of Proceeds: Working Captial

Economic Impact
Jobs Created: 25
Jobs Retained: 80


Senate District: 37
Assembly District: 68

Sidecar Doughnuts, LLC was established in 2012 by longtime friends Chi-Lin Pendergrast & Brooke DesPrez as is a chain of gourmet bakery shops that bakes and sells a wide variety of unique specialty doughnuts, coffee, and drinks. Sidecar bakes their doughnuts daily, from scratch, using only the freshest and finest ingredients possible, even their fruit purees, fresh creams, and custards are all made from scratch in-house. Sidecar fries in small batches all day long, guaranteeing each customer a fresh-out-of-the-fryer treat. From the moment you step into one of their shops and bite into their hand-crafted doughnuts, you’ll surely agree that Sidecar is not your ordinary doughnut experience. Sidecar is well known in Southern California and has been featured by numerous “Best of” lists and TV shows like “Unique Sweets” and Food Network’s “Best Thing I ever ate.”

 
 

FDC: Nor-Cal
Lender: California Bank & Trust
Use of Proceeds: CRE Purchase

Economic Impact
Jobs Created: 3
Jobs Retained: 41


Senate District: 10
Assembly District: 18

Since 1979 California Crosspoint High School (CCHS) has provided a comprehensive, university preparatory educational program. Notwithstanding humble beginnings and modest resources, CCHS students have attained national and international acclaim for their academic achievements, civic commitments and personal character.

Nor-Cal FDC collaborated with California Bank and Trust, and its affiliate Zions Bank National Association Boston (ZB N.A.), to structure a term loan for $7,299,750, with the aid of a California Infrastructure and Economic Development Bank (IBank) loan guarantee. CCHS used the proceeds to purchase a tax-exempt private placement bond in support of the acquisition of a 100% owner-occupied former technical school building. “Nor-Cal was attracted to the loan because the school serves a lower income and recent immigrant population and provides an education equivalent to the more expensive private schools in the Bay Area”, states Byron Phillips, Director of Loan Production for Nor-Cal FDC. “Assisting CB&T in providing the opportunity for a well-regarded educational institution to own its facility was of primary importance to the mission of Nor-Cal.”