Horizon Equipment, LLC
Horizon Equipment, LLC, located in St. Paul, Minnesota, is classified under the industry Other Professional Equipment and Supplies Merchant Wholesalers (NAICS 423490). The business financed real estate or equipment through an SBA 504 loan of $2,629,000, approved on July 17, 2026, with First Western Bank & Trust as the lender and Central Minnesota Development Company as the certified development company.
SBA 504 loan, approved Jul 17, 2026
$2,629,000 SBA portionCDC: Central Minnesota Development Company25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $2,629,000
- Bank portion
- $3,197,500
- Estimated project size
- $6,473,889 (estimated)
- Estimated owner equity
- $647,389 (estimated, about 10% of the project)
- Bank lender
- First Western Bank & Trust, Minot, ND
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- July 17, 2051 (estimated, approval date plus term)
- First disbursement
- Sep 16, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 48
- Business type
- Corporation
- NAICS
- 423490, Other Professional Equipment and Supplies Merchant Wholesalers
- Project location
- Ramsey 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 Other Professional Equipment and Supplies Merchant Wholesalers: $1,872,000.
- 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.
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