Agri-Products, Inc.
Agri-Products, Inc. is a farm machinery and equipment manufacturer located in York, Nebraska. The company financed real estate or equipment through an SBA 504 loan of $1.4 million, approved on January 16, 2024, through Cornerstone Bank with Nebraska Economic Development Corporation as the certified development company.
SBA 504 loan, approved Jan 16, 2024
$1,400,000 SBA portionCDC: Nebraska Economic Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,400,000
- Bank portion
- $1,709,000
- Estimated project size
- $3,454,444 (estimated)
- Estimated owner equity
- $345,444 (estimated, about 10% of the project)
- Bank lender
- Cornerstone Bank, York, NE
- Processing method
- 504 Basic: standard SBA processing through a CDC
- Term
- 25 years (300 months)
- Estimated maturity
- January 16, 2049 (estimated, approval date plus term)
- First disbursement
- Jul 16, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 11
- Business type
- Corporation
- NAICS
- 333111, Farm Machinery and Equipment Manufacturing
- Project location
- York County, NE
- SBA district office
- Nebraska District Office
- Congressional district
- NE-3
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Average expansion loan in Farm Machinery and Equipment Manufacturing: $2,949,000.
- Average expansion loan in Nebraska: $2,191,172.
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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