LH Industrial Supplies
LH Industrial Supplies, located in Lafayette, Indiana, operates in the hardware retail industry (NAICS 444140). The business financed real estate or equipment through an SBA 504 loan of $3.2 million, approved on August 8, 2024, with Kentland Bank as the lending partner and Indiana Statewide Certified Development Corporation as the certified development company.
SBA 504 loan, approved Aug 8, 2024
$3,231,000 SBA portionCDC: Indiana Statewide Certified Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $3,231,000
- Bank portion
- $3,160,000
- Estimated project size
- $7,101,111 (estimated)
- Estimated owner equity
- $710,111 (estimated, about 10% of the project)
- Bank lender
- Kentland Bank, Kentland, IN
- Processing method
- 504 Basic: standard SBA processing through a CDC
- Term
- 25 years (300 months)
- Estimated maturity
- August 8, 2049 (estimated, approval date plus term)
- First disbursement
- Apr 15, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 24
- Business type
- Corporation
- NAICS
- 444140, Hardware Retailers
- Project location
- Tippecanoe County, IN
- SBA district office
- Indiana District Office
- Congressional district
- IN-4
- Collateral
- Yes
Estimated share of project by source
Bank 45% SBA (CDC) 45% Owner 10%
- Larger than 73% of expansion loans in Hardware Retailers on this site.
- Average expansion loan in Hardware Retailers: $2,383,133.
- Average expansion loan in Indiana: $2,227,963.
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 Indiana
- Sweetwater Hollow Building Supply, L.L.C., Vevay
- Sv Hardware Inc, French Lick