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Loess Hills Holdings Inc.

Clearwater, MN · All Other Specialty Trade Contractors · NAICS 238990

Loess Hills Holdings Inc. is a specialty trade contractor in Clearwater, Minnesota, classified under NAICS 238990, All Other Specialty Trade Contractors. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $2,369,800, approved on January 4, 2024, with CCFBank National Association as the lender.

SBA 7(a) loan, change of ownership, approved Jan 4, 2024

$2,369,800 approvedLender: CCFBank National Association25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,369,800
SBA-guaranteed amount
$1,777,350 (75% of the approval)
Lender
CCFBank National Association, Altoona, WI
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.5%, variable
Term
25 years (300 months)
Estimated maturity
January 4, 2049 (estimated, approval date plus term)
Estimated monthly payment
$20,705 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jan 16, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
11
Business type
Corporation
NAICS
238990, All Other Specialty Trade Contractors
Project location
Stearns County, MN
SBA district office
Minnesota District Office
Congressional district
MN-06
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 72% of acquisition loans in All Other Specialty Trade Contractors on this site.
  • Average acquisition loan in All Other Specialty Trade Contractors: $1,899,024.
  • Average acquisition loan in Minnesota: $1,482,119.

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 Minnesota