AAA+E Truck Shop, LLC
AAA+E Truck Shop, LLC is a business in Bondurant, Iowa, in the general freight trucking, long-distance, truckload industry. It financed real estate or equipment through an SBA 504 loan of $1,291,000, approved on August 1, 2024, with State Savings Bank as the lender and Pivotal Business Partners as the certified development company.
SBA 504 loan, approved Aug 1, 2024
$1,291,000 SBA portionCDC: Pivotal Business Partners25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,291,000
- Bank portion
- $1,576,398
- Estimated project size
- $3,185,998 (estimated)
- Estimated owner equity
- $318,600 (estimated, about 10% of the project)
- Bank lender
- State Savings Bank, West Des Moines, IA
- Processing method
- 504 Basic: standard SBA processing through a CDC
- Term
- 25 years (300 months)
- Estimated maturity
- August 1, 2049 (estimated, approval date plus term)
- First disbursement
- Feb 12, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 14
- Business type
- Corporation
- NAICS
- 484121, General Freight Trucking, Long-Distance, Truckload
- 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 11% of expansion loans in General Freight Trucking, Long-Distance, Truckload on this site.
- Average expansion loan in General Freight Trucking, Long-Distance, Truckload: $2,635,784.
- 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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