A Faribault Senior Living LLC
A Faribault Senior Living LLC is located in Faribault, MN, and the SBA lists its industry as Nursing Care Facilities (Skilled Nursing Facilities). It was approved for an SBA 504 loan ($4,481,000 SBA portion) on January 21, 2026 to finance real estate or equipment.
SBA 504 loan, approved Jan 21, 2026
- SBA (CDC) portion
- $4,481,000
- Bank portion
- $6,215,000
- Estimated project size
- $11,884,444 (estimated)
- Estimated owner equity
- $1,188,444 (estimated, about 10% of the project)
- Bank lender
- Glenwood State Bank, Glenwood, IA
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- January 21, 2051 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 45
- Business type
- Corporation
- NAICS
- 623110, Nursing Care Facilities (Skilled Nursing Facilities)
- Project location
- Rice County, MN
- SBA district office
- Minnesota District Office
- Congressional district
- MN-1
- Collateral
- Yes
Estimated share of project by source
Bank 52% SBA (CDC) 38% Owner 10%
- Larger than 87% of expansion loans in Nursing Care Facilities (Skilled Nursing Facilities) on this site.
- Average expansion loan in Nursing Care Facilities (Skilled Nursing Facilities): $2,434,200.
- 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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Same industry in Minnesota
- Lilac Homes LLC, Moorhead