10180 217th St W LLC
10180 217th St W LLC, located in Lakeville, Minnesota, operates in industrial and commercial fan, blower and air purification equipment manufacturing (NAICS 333413). The company financed real estate or equipment through an SBA 504 loan of $5,500,000, approved on February 26, 2025, with U.S. Bank, National Association as the lender and Central Minnesota Development Company as the certified development company.
SBA 504 loan, approved Feb 26, 2025
$5,500,000 SBA portionCDC: Central Minnesota Development Company25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $5,500,000
- Bank portion
- $13,200,000
- Estimated project size
- $20,777,778 (estimated)
- Estimated owner equity
- $2,077,778 (estimated, about 10% of the project)
- Bank lender
- U.S. Bank, National Association, Cincinnati, OH
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- February 26, 2050 (estimated, approval date plus term)
- First disbursement
- May 14, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 20
- Business type
- Corporation
- NAICS
- 333413, Industrial and Commercial Fan and Blower and Air Purification Equipment Manufacturing
- Project location
- Dakota County, MN
- SBA district office
- Minnesota District Office
- Congressional district
- MN-2
- Collateral
- Yes
Estimated share of project by source
Bank 64% SBA (CDC) 26% Owner 10%
- Average expansion loan in Industrial and Commercial Fan and Blower and Air Purification Equipment Manufacturing: $3,530,667.
- Average expansion loan in Minnesota: $2,136,981.
Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.
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