319 Washington LLC
319 Washington LLC, located in Bondurant, Iowa, operates in the glass and glazing contractors industry (NAICS 238150). The company financed real estate or equipment through an SBA 504 loan of $1,354,000, with City State Bank as the lending partner and Iowa Business Growth Company as the certified development company, with approval dated May 21, 2025.
SBA 504 loan, approved May 21, 2025
$1,354,000 SBA portionCDC: Iowa Business Growth Company25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,354,000
- Bank portion
- $1,652,500
- Estimated project size
- $3,340,556 (estimated)
- Estimated owner equity
- $334,056 (estimated, about 10% of the project)
- Bank lender
- City State Bank, Norwalk, IA
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- May 21, 2050 (estimated, approval date plus term)
- First disbursement
- Oct 15, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 238150, Glass and Glazing Contractors
- Project location
- Polk County, IA
- SBA district office
- Des Moines District Office
- Congressional district
- IA-3
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 50% of expansion loans in Glass and Glazing Contractors on this site.
- Average expansion loan in Glass and Glazing Contractors: $1,442,400.
- Average expansion loan in Iowa: $1,994,971.
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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