Morales Enterprises, Inc. and Morales Group, Inc.
Morales Enterprises, Inc. and Morales Group, Inc. is an employment placement agency located in Indianapolis, Indiana. The company was approved for an SBA 504 loan of $2,250,000 for real estate or equipment, with Centier Bank as the lending bank and Indiana Statewide Certified Development Corporation as the certified development company, with approval dated February 20, 2025.
SBA 504 loan, approved Feb 20, 2025
$2,250,000 SBA portionCDC: Indiana Statewide Certified Development Corporation25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $2,250,000
- Bank portion
- $2,750,000
- Estimated project size
- $5,555,556 (estimated)
- Estimated owner equity
- $555,556 (estimated, about 10% of the project)
- Bank lender
- Centier Bank, Whiting, IN
- Processing method
- 504 Basic: standard SBA processing through a CDC
- Term
- 25 years (300 months)
- Estimated maturity
- February 20, 2050 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 25
- Business type
- Corporation
- NAICS
- 561311, Employment Placement Agencies
- Project location
- Marion County, IN
- SBA district office
- Indiana District Office
- Congressional district
- IN-7
- Collateral
- Yes
Estimated share of project by source
Bank 50% SBA (CDC) 41% Owner 10%
- Average expansion loan in Employment Placement Agencies: $1,916,200.
- Average expansion loan in Indiana: $2,227,963.
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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