Lion Industries LLC
Lion Industries LLC is located in Big Lake, MN, and the SBA lists its industry as All Other Miscellaneous Food Manufacturing. It was approved for an SBA 504 loan ($1,259,000 SBA portion) on November 22, 2024 to finance real estate or equipment.
SBA 504 loan, approved Nov 22, 2024
- SBA (CDC) portion
- $1,259,000
- Bank portion
- $1,531,250
- Estimated project size
- $3,100,278 (estimated)
- Estimated owner equity
- $310,028 (estimated, about 10% of the project)
- Bank lender
- Nicolet National Bank, Green Bay, WI
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- November 22, 2049 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 311999, All Other Miscellaneous Food Manufacturing
- Project location
- Sherburne County, MN
- SBA district office
- Minnesota District Office
- Congressional district
- MN-6
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Average expansion loan in All Other Miscellaneous Food Manufacturing: $2,746,824.
- 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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