Morris Smith Ford Leavenworth LLC
Morris Smith Ford Leavenworth LLC is a new car dealer in Leavenworth, Kansas, classified under NAICS code 441110 and operating under a Ford Motor Company dealer sales and service agreement. The company financed real estate or equipment through an SBA 504 loan of $4,923,000 (SBA portion), approved on September 13, 2024, with Live Oak Banking Company as the bank partner and Rural Missouri, Inc. as the certified development company.
SBA 504 loan, approved Sep 13, 2024
$4,923,000 SBA portionCDC: Rural Missouri, Inc.25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $4,923,000
- Bank portion
- $8,395,000
- Estimated project size
- $14,797,778 (estimated)
- Estimated owner equity
- $1,479,778 (estimated, about 10% of the project)
- Bank lender
- Live Oak Banking Company, Wilmington, NC
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- September 13, 2049 (estimated, approval date plus term)
- First disbursement
- Jan 15, 2025
- Loan status
- Status not reported (SBA exemption)
- Business type
- Corporation
- NAICS
- 441110, New Car Dealers
- Franchise
- Ford Motor Company Dealer Sales and Service Agreement
- Project location
- Leavenworth County, KS
- SBA district office
- Kansas City District Office
- Congressional district
- KS-2
- Collateral
- Yes
Estimated share of project by source
Bank 57% SBA (CDC) 33% Owner 10%
- Larger than 75% of expansion loans in New Car Dealers on this site.
- Average expansion loan in New Car Dealers: $3,138,111.
- Average expansion loan in Kansas: $2,080,367.
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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Same industry in Kansas
- Bob Allen Ford-Ottawa, Inc., Ottawa