MK Blue-Iron Land LLC
MK Blue-Iron Land LLC is located in Sturgis, SD, and the SBA lists its industry as Motorcycle, ATV, and All Other Motor Vehicle Dealers. It was approved for an SBA 504 loan ($3,699,000 SBA portion) on April 29, 2026 to finance real estate or equipment.
SBA 504 loan, approved Apr 29, 2026
- SBA (CDC) portion
- $3,699,000
- Bank portion
- $4,500,000
- Estimated project size
- $9,110,000 (estimated)
- Estimated owner equity
- $911,000 (estimated, about 10% of the project)
- Bank lender
- BMO Harris Central National Association, Roselle, IL
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- April 29, 2051 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 41
- Business type
- Corporation
- NAICS
- 441227, Motorcycle, ATV, and All Other Motor Vehicle Dealers
- Project location
- Meade County, SD
- SBA district office
- South Dakota District Office
- Congressional district
- SD-0
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 79% of expansion loans in Motorcycle, ATV, and All Other Motor Vehicle Dealers on this site.
- Average expansion loan in Motorcycle, ATV, and All Other Motor Vehicle Dealers: $2,545,211.
- Average expansion loan in South Dakota: $2,152,356.
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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