Adcraft Printwear Co.
Adcraft Printwear Co. is a clothing and clothing accessories retailer located in Clinton, Iowa. The company financed real estate or equipment through an SBA 504 loan of $1,934,000, approved on April 24, 2025, with Citizens First Bank as the lender and E.C.I.A. Business Growth, Inc. as the certified development company.
SBA 504 loan, approved Apr 24, 2025
$1,934,000 SBA portionCDC: E.C.I.A. Business Growth, Inc.25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $1,934,000
- Bank portion
- $2,771,350
- Estimated project size
- $5,228,167 (estimated)
- Estimated owner equity
- $522,817 (estimated, about 10% of the project)
- Bank lender
- Citizens First Bank, Clinton, IA
- CDC
- E.C.I.A. Business Growth, Inc.
- Processing method
- 504 Basic: standard SBA processing through a CDC
- Term
- 25 years (300 months)
- Estimated maturity
- April 24, 2050 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 25
- Business type
- Corporation
- NAICS
- 458110, Clothing and Clothing Accessories Retailers
- Project location
- Clinton County, IA
- SBA district office
- Des Moines District Office
- Congressional district
- IA-2
- Collateral
- Yes
Estimated share of project by source
Bank 53% SBA (CDC) 37% Owner 10%
- Larger than 61% of expansion loans in Clothing and Clothing Accessories Retailers on this site.
- Average expansion loan in Clothing and Clothing Accessories Retailers: $1,913,179.
- 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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