Bywater Business Solutions LLC
Bywater Business Solutions LLC is a commercial printing business located in Waconia, Minnesota, classified under NAICS code 323111 (Commercial Printing, except Screen and Books). The company financed real estate or equipment through an SBA 504 loan of $1,028,000 approved on November 21, 2024, by Drake Bank with WBD, Inc. as the certified development company.
SBA 504 loan, approved Nov 21, 2024
$1,028,000 SBA portionCDC: WBD, Inc.25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,028,000
- Bank portion
- $1,254,000
- Estimated project size
- $2,535,556 (estimated)
- Estimated owner equity
- $253,556 (estimated, about 10% of the project)
- Bank lender
- Drake Bank, Saint Paul, MN
- CDC
- WBD, Inc.
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- November 21, 2049 (estimated, approval date plus term)
- First disbursement
- May 14, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 12
- Business type
- Corporation
- NAICS
- 323111, Commercial Printing (except Screen and Books)
- Project location
- Carver County, MN
- SBA district office
- Minnesota District Office
- Congressional district
- MN-3
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 7% of expansion loans in Commercial Printing (except Screen and Books) on this site.
- Average expansion loan in Commercial Printing (except Screen and Books): $2,295,833.
- 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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