Anderson and Koch Ford Inc.
Anderson and Koch Ford Inc. is a new car dealer located in North Branch, Minnesota, and operates under a Ford Motor Company dealer sales and service agreement. The company financed real estate or equipment through an SBA 504 loan of $1,868,000, with First Resource Bank as the bank lender and Midwest Business Finance Corporation as the certified development company, approved on January 22, 2025.
SBA 504 loan, approved Jan 22, 2025
$1,868,000 SBA portionCDC: Midwest Business Finance Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,868,000
- Bank portion
- $2,143,500
- Estimated project size
- $4,457,222 (estimated)
- Estimated owner equity
- $445,722 (estimated, about 10% of the project)
- Bank lender
- First Resource Bank, Lino Lakes, MN
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- January 22, 2050 (estimated, approval date plus term)
- First disbursement
- Feb 11, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 54
- Business type
- Corporation
- NAICS
- 441110, New Car Dealers
- Franchise
- Ford Motor Company Dealer Sales and Service Agreement
- Project location
- Chisago County, MN
- SBA district office
- Minnesota District Office
- Congressional district
- MN-8
- Collateral
- Yes
Estimated share of project by source
Bank 48% SBA (CDC) 42% Owner 10%
- Larger than 28% of expansion loans in New Car Dealers on this site.
- Average expansion loan in New Car Dealers: $3,138,111.
- 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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