Pet Medical Center of Urbandale P.C.
Pet Medical Center of Urbandale P.C., located in Grimes, Iowa, operates in veterinary services. The company financed real estate or equipment through an SBA 504 loan of $1,218,000, approved on September 23, 2024, with Midwest Heritage Bank, F.S.B. as the lending bank and Iowa Business Growth Company as the certified development company.
SBA 504 loan, approved Sep 23, 2024
$1,218,000 SBA portionCDC: Iowa Business Growth Company25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,218,000
- Bank portion
- $1,382,599
- Estimated project size
- $2,889,554 (estimated)
- Estimated owner equity
- $288,955 (estimated, about 10% of the project)
- Bank lender
- Midwest Heritage Bank, F.S.B., West Des Moines, IA
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- September 23, 2049 (estimated, approval date plus term)
- First disbursement
- Mar 11, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 541940, Veterinary Services
- Project location
- Polk County, IA
- SBA district office
- Des Moines District Office
- Congressional district
- IA-3
- Collateral
- Yes
Estimated share of project by source
Bank 48% SBA (CDC) 42% Owner 10%
- Larger than 19% of expansion loans in Veterinary Services on this site.
- Average expansion loan in Veterinary Services: $2,202,156.
- 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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