JJ & CBM Investments LLC
JJ & CBM Investments LLC, located in Arden Hills, Minnesota, operates in the services for the elderly and persons with disabilities industry (NAICS 624120). The company financed real estate or equipment through an SBA 504 loan of $1,437,000 approved on December 16, 2024, with Hiawatha National Bank as the lending bank and WBD, Inc. as the certified development company.
SBA 504 loan, approved Dec 16, 2024
$1,437,000 SBA portionCDC: WBD, Inc.25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $1,437,000
- Bank portion
- $1,897,500
- Estimated project size
- $3,705,000 (estimated)
- Estimated owner equity
- $370,500 (estimated, about 10% of the project)
- Bank lender
- Hiawatha National Bank, Hager City, WI
- CDC
- WBD, Inc.
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- December 16, 2049 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 624120, Services for the Elderly and Persons with Disabilities
- Project location
- Ramsey County, MN
- SBA district office
- Minnesota District Office
- Congressional district
- MN-4
- Collateral
- Yes
Estimated share of project by source
Bank 51% SBA (CDC) 39% Owner 10%
- Average expansion loan in Services for the Elderly and Persons with Disabilities: $2,159,250.
- 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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