LV Iron & Steel
LV Iron & Steel, located in Las Vegas, Nevada, is an industry-classified Structural Steel and Precast Concrete Contractors business (NAICS 238120). The company financed real estate or equipment through an SBA 504 loan of $1,189,000 (the SBA portion), approved on May 3, 2024, with Enterprise Bank & Trust as the lender and Nevada State Development Corporation as the certified development company.
SBA 504 loan, approved May 3, 2024
$1,189,000 SBA portionCDC: Nevada State Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,189,000
- Bank portion
- $1,450,000
- Estimated project size
- $2,932,222 (estimated)
- Estimated owner equity
- $293,222 (estimated, about 10% of the project)
- Bank lender
- Enterprise Bank & Trust, Clayton, MO
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- May 3, 2049 (estimated, approval date plus term)
- First disbursement
- Aug 14, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 238120, Structural Steel and Precast Concrete Contractors
- Project location
- Clark County, NV
- SBA district office
- Nevada District Office
- Congressional district
- NV-1
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Average expansion loan in Structural Steel and Precast Concrete Contractors: $2,672,667.
- Average expansion loan in Nevada: $2,098,935.
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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