Arbor Springs Operations, LLC
Arbor Springs Operations, LLC, located in West Des Moines, Iowa, is classified in the industry of assisted living facilities for the elderly (NAICS 623312). The company was approved for an SBA 504 loan of $2,629,000 through a CDC, with Celtic Bank Corporation as the lender, with an approval date of March 16, 2026. The loan is an SBA 504 loan, which financed real estate or equipment through an SBA 504 loan, with an SBA-reported job figure of 128.
SBA 504 loan, approved Mar 16, 2026
$2,629,000 SBA portionCDC: Iowa Business Growth Company25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $2,629,000
- Bank portion
- $3,653,650
- Estimated project size
- $6,980,722 (estimated)
- Estimated owner equity
- $698,072 (estimated, about 10% of the project)
- Bank lender
- Celtic Bank Corporation, Salt Lake City, UT
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- March 16, 2051 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 128
- Business type
- Corporation
- NAICS
- 623312, Assisted Living Facilities for the Elderly
- Project location
- Dallas County, IA
- SBA district office
- Des Moines District Office
- Congressional district
- IA-3
- Collateral
- Yes
Estimated share of project by source
Bank 52% SBA (CDC) 38% Owner 10%
- Larger than 79% of expansion loans in Assisted Living Facilities for the Elderly on this site.
- Average expansion loan in Assisted Living Facilities for the Elderly: $1,996,284.
- 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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