The Energy Conservatory, Inc.
The Energy Conservatory, Inc. is located in Oakdale, MN, and the SBA lists its industry as Automatic Environmental Control Manufacturing for Residential, Commercial, and Appliance Use. It was approved for an SBA 504 loan ($1,525,000 SBA portion) on December 18, 2023 to finance real estate or equipment.
SBA 504 loan, approved Dec 18, 2023
- SBA (CDC) portion
- $1,525,000
- Bank portion
- $1,862,500
- Estimated project size
- $3,763,889 (estimated)
- Estimated owner equity
- $376,389 (estimated, about 10% of the project)
- Bank lender
- Highland Bank, St. Paul, MN
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- December 18, 2048 (estimated, approval date plus term)
- First disbursement
- Feb 12, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 24
- Business type
- Corporation
- NAICS
- 334512, Automatic Environmental Control Manufacturing for Residential, Commercial, and Appliance Use
- Project location
- Washington County, MN
- SBA district office
- Minnesota District Office
- Congressional district
- MN-4
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Average expansion loan in Automatic Environmental Control Manufacturing for Residential, Commercial, and Appliance Use: $1,525,000.
- 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.
Is this your company? Claim or correct this listing. See Corrections.