D. Martin Enterprises, Inc
D. Martin Enterprises, Inc, located in Michigan City, IN, is classified under construction and mining machinery and equipment merchant wholesalers (NAICS 423810). The business financed real estate or equipment through an SBA 504 loan of $5 million, approved on September 23, 2024, with BMO Bank National Association as the lender and Small Business Growth Corporation as the certified development company.
SBA 504 loan, approved Sep 23, 2024
$5,000,000 SBA portionCDC: Small Business Growth Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $5,000,000
- Bank portion
- $7,859,000
- Estimated project size
- $14,287,778 (estimated)
- Estimated owner equity
- $1,428,778 (estimated, about 10% of the project)
- Bank lender
- BMO Bank National Association, Chicago, IL
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- September 23, 2049 (estimated, approval date plus term)
- First disbursement
- Sep 16, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 20
- Business type
- Corporation
- NAICS
- 423810, Construction and Mining (except Oil Well) Machinery and Equipment Merchant Wholesalers
- Project location
- La Porte County, IN
- SBA district office
- Indiana District Office
- Congressional district
- IN-1
- Collateral
- Yes
Estimated share of project by source
Bank 55% SBA (CDC) 35% Owner 10%
- Average expansion loan in Construction and Mining (except Oil Well) Machinery and Equipment Merchant Wholesalers: $2,088,250.
- Average expansion loan in Indiana: $2,227,963.
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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