Main Street Registry

Hansen & Company Woodworks Inc.

Saint Joseph, MN · All Other Specialty Trade Contractors · NAICS 238990

Hansen & Company Woodworks Inc. is located in Saint Joseph, Minnesota, in the All Other Specialty Trade Contractors industry (NAICS 238990). The company financed real estate or equipment through an SBA 504 loan with a SBA portion of $4,908,000, approved on May 14, 2024, through Old National Bank with Midwest Business Finance Corporation as the certified development company.

SBA 504 loan, approved May 14, 2024

$4,908,000 SBA portionCDC: Midwest Business Finance Corporation20 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$4,908,000
Bank portion
$6,990,000
Estimated project size
$13,220,000 (estimated)
Estimated owner equity
$1,322,000 (estimated, about 10% of the project)
Bank lender
Old National Bank, Evansville, IN
CDC
Midwest Business Finance Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
20 years (240 months)
Estimated maturity
May 14, 2044 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
9
Business type
Corporation
NAICS
238990, All Other Specialty Trade Contractors
Project location
Stearns County, MN
SBA district office
Minnesota District Office
Congressional district
MN-6
Collateral
Yes

Estimated share of project by source

Bank 53% SBA (CDC) 37% Owner 10%

  • Larger than 98% of expansion loans in All Other Specialty Trade Contractors on this site.
  • Average expansion loan in All Other Specialty Trade Contractors: $1,769,072.
  • 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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Same industry in Minnesota