2455 Cassens Drive, LLC
2455 Cassens Drive, LLC is a fabricated structural metal manufacturer in Fenton, Missouri, classified under NAICS 332312. The company was approved for an SBA 504 loan of $1,362,000 through the St. Charles County Economic Development Council and Carrollton Bank, with a loan date of December 12, 2024. The SBA 504 program financed real estate or equipment through an SBA 504 loan, and the SBA portion shown is separate from the bank portion.
SBA 504 loan, approved Dec 12, 2024
- SBA (CDC) portion
- $1,362,000
- Bank portion
- $1,900,000
- Estimated project size
- $3,624,444 (estimated)
- Estimated owner equity
- $362,444 (estimated, about 10% of the project)
- Bank lender
- Carrollton Bank, Carrollton, IL
- Processing method
- 504 Basic: standard SBA processing through a CDC
- Term
- 25 years (300 months)
- Estimated maturity
- December 12, 2049 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 12
- Business type
- Corporation
- NAICS
- 332312, Fabricated Structural Metal Manufacturing
- Project location
- Saint Louis County, MO
- SBA district office
- St. Louis District Office
- Congressional district
- MO-2
- Collateral
- Yes
Estimated share of project by source
Bank 52% SBA (CDC) 38% Owner 10%
- Larger than 8% of expansion loans in Fabricated Structural Metal Manufacturing on this site.
- Average expansion loan in Fabricated Structural Metal Manufacturing: $1,964,167.
- Average expansion loan in Missouri: $2,014,411.
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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