Loon Liquors LLC
Loon Liquors LLC is a distillery in Northfield, Minnesota, classified under NAICS code 312140 (Distilleries). The business financed real estate or equipment through an SBA 504 loan of $1,490,000, with Community Resource Bank as the lender and Southeastern Minnesota 504 Development Corporation as the certified development company, approved on March 6, 2025.
SBA 504 loan, approved Mar 6, 2025
$1,490,000 SBA portionCDC: Southeastern Minnesota 504 Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,490,000
- Bank portion
- $1,618,970
- Estimated project size
- $3,454,411 (estimated)
- Estimated owner equity
- $345,441 (estimated, about 10% of the project)
- Bank lender
- Community Resource Bank, Northfield, MN
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- March 6, 2050 (estimated, approval date plus term)
- First disbursement
- Sep 16, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 312140, Distilleries
- Project location
- Rice County, MN
- SBA district office
- Minnesota District Office
- Congressional district
- MN-1
- Collateral
- Yes
Estimated share of project by source
Bank 47% SBA (CDC) 43% Owner 10%
- Average expansion loan in Distilleries: $2,008,400.
- 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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