Auburn Oaks Plantation LLC.
Auburn Oaks Plantation LLC. is located in Notasulga, Alabama, in the All Other Amusement and Recreation Industries sector. The company financed real estate or equipment through an SBA 504 loan with an SBA portion of $2,373,000, approved on October 4, 2023, through the lender Auburn Banking Company and the certified development company Florida First Capital Finance Corporation, Inc.
SBA 504 loan, approved Oct 4, 2023
$2,373,000 SBA portionCDC: Florida First Capital Finance Corporation, Inc.25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $2,373,000
- Bank portion
- $3,313,250
- Estimated project size
- $6,318,056 (estimated)
- Estimated owner equity
- $631,806 (estimated, about 10% of the project)
- Bank lender
- Auburn Banking Company, Auburn, KY
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- October 4, 2048 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 713990, All Other Amusement and Recreation Industries
- Project location
- Macon County, AL
- SBA district office
- Alabama District Office
- Congressional district
- AL-3
- Collateral
- Yes
Estimated share of project by source
Bank 52% SBA (CDC) 38% Owner 10%
- Larger than 60% of expansion loans in All Other Amusement and Recreation Industries on this site.
- Average expansion loan in All Other Amusement and Recreation Industries: $2,189,271.
- Average expansion loan in Alabama: $2,182,891.
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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