Dakota County Lumber Co.
Dakota County Lumber Co. is an other building material dealer located in Farmington, Minnesota. The company financed real estate or equipment through an SBA 504 loan of $2,572,000, approved on June 4, 2025, with Bell Bank as the lending partner and Twin Cities-Metro Certified Development Company as the certified development company.
SBA 504 loan, approved Jun 4, 2025
$2,572,000 SBA portionCDC: Twin Cities-Metro Certified Development Company25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $2,572,000
- Bank portion
- $2,750,000
- Estimated project size
- $5,913,333 (estimated)
- Estimated owner equity
- $591,333 (estimated, about 10% of the project)
- Bank lender
- Bell Bank, Fargo, ND
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- June 4, 2050 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 28
- Business type
- Corporation
- NAICS
- 444180, Other Building Material Dealers
- Project location
- Dakota County, MN
- SBA district office
- Minnesota District Office
- Congressional district
- MN-2
- Collateral
- Yes
Estimated share of project by source
Bank 47% SBA (CDC) 43% Owner 10%
- Larger than 79% of expansion loans in Other Building Material Dealers on this site.
- Average expansion loan in Other Building Material Dealers: $2,048,289.
- 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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