Kaplan Industries Mfg
Kaplan Industries Mfg is located in Decatur, Georgia, and is classified under NAICS code 423850, Service Establishment Equipment and Supplies Merchant Wholesalers. The business financed real estate or equipment through an SBA 504 loan of $1,394,000, approved on November 15, 2023, with American Business Bank as the lender and Business Finance Capital as the certified development company.
SBA 504 loan, approved Nov 15, 2023
$1,394,000 SBA portionCDC: Business Finance Capital25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,394,000
- Bank portion
- $1,675,000
- Estimated project size
- $3,410,000 (estimated)
- Estimated owner equity
- $341,000 (estimated, about 10% of the project)
- Bank lender
- American Business Bank, Anaheim, CA
- Processing method
- 504 Basic: standard SBA processing through a CDC
- Term
- 25 years (300 months)
- Estimated maturity
- November 15, 2048 (estimated, approval date plus term)
- First disbursement
- May 15, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 30
- Business type
- Corporation
- NAICS
- 423850, Service Establishment Equipment and Supplies Merchant Wholesalers
- Project location
- Dekalb County, GA
- SBA district office
- Georgia District Office
- Congressional district
- GA-4
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Average expansion loan in Service Establishment Equipment and Supplies Merchant Wholesalers: $1,856,500.
- Average expansion loan in Georgia: $2,201,121.
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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