The Grille at Boulder Canyon, LLC
The Grille at Boulder Canyon, LLC is a full-service restaurant located in Sturgis, South Dakota. The company financed real estate or equipment through an SBA 504 loan with an SBA portion of $2,293,000, approved on August 1, 2025, through Black Hills Community Bank, National Association and the CDC Ally Dakota Development, Inc.
SBA 504 loan, approved Aug 1, 2025
$2,293,000 SBA portionCDC: Ally Dakota Development, Inc.25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $2,293,000
- Bank portion
- $2,802,500
- Estimated project size
- $5,661,667 (estimated)
- Estimated owner equity
- $566,167 (estimated, about 10% of the project)
- Bank lender
- Black Hills Community Bank, National Association, Rapid City, SD
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- August 1, 2050 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 722511, Full-Service Restaurants
- Project location
- Meade County, SD
- SBA district office
- South Dakota District Office
- Congressional district
- SD-0
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 81% of expansion loans in Full-Service Restaurants on this site.
- Average expansion loan in Full-Service Restaurants: $1,813,082.
- Average expansion loan in South Dakota: $2,152,356.
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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