Murphy Court LLC
Murphy Court LLC of DeWitt, Iowa, is classified under the industry Promoters of Performing Arts, Sports, and Similar Events with Facilities (NAICS 711310). The company was approved for an SBA 504 loan of $1,248,000 on July 18, 2025, through De Witt Bank & Trust Co. and E.C.I.A. Business Growth, Inc., and the loan is shown as not funded.
SBA 504 loan, approved Jul 18, 2025
$1,248,000 SBA portionCDC: E.C.I.A. Business Growth, Inc.25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $1,248,000
- Bank portion
- $1,740,961
- Estimated project size
- $3,321,068 (estimated)
- Estimated owner equity
- $332,107 (estimated, about 10% of the project)
- Bank lender
- De Witt Bank & Trust Co., De Witt, IA
- CDC
- E.C.I.A. Business Growth, Inc.
- Processing method
- 504 Basic: standard SBA processing through a CDC
- Term
- 25 years (300 months)
- Estimated maturity
- July 18, 2050 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 18
- Business type
- Corporation
- NAICS
- 711310, Promoters of Performing Arts, Sports, and Similar Events with Facilities
- Project location
- Clinton County, IA
- SBA district office
- Des Moines District Office
- Congressional district
- IA-2
- Collateral
- Yes
Estimated share of project by source
Bank 52% SBA (CDC) 38% Owner 10%
- Larger than 9% of expansion loans in Promoters of Performing Arts, Sports, and Similar Events with Facilities on this site.
- Average expansion loan in Promoters of Performing Arts, Sports, and Similar Events with Facilities: $1,999,455.
- Average expansion loan in Iowa: $1,994,971.
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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