Minnesota Ice Sculptures L. L. C.
Minnesota Ice Sculptures L. L. C. is an ice manufacturing business in Saint Paul, Minnesota, classified under NAICS 312113. It financed real estate or equipment through an SBA 504 loan of $1,352,000 approved on July 9, 2024, with Minnwest Bank as the lender and Amplio Economic Development Corporation as the certified development company.
SBA 504 loan, approved Jul 9, 2024
$1,352,000 SBA portionCDC: Amplio Economic Development Corporation25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $1,352,000
- Bank portion
- $1,650,000
- Estimated project size
- $3,335,556 (estimated)
- Estimated owner equity
- $333,556 (estimated, about 10% of the project)
- Bank lender
- Minnwest Bank, Redwood Falls, MN
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- July 9, 2049 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 20
- Business type
- Corporation
- NAICS
- 312113, Ice Manufacturing
- Project location
- Ramsey County, MN
- SBA district office
- Minnesota District Office
- Congressional district
- MN-4
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Average expansion loan in Ice Manufacturing: $2,602,500.
- 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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