Pure Grit, LLC
Pure Grit, LLC is located in Tonganoxie, KS, and the SBA lists its industry as Site Preparation Contractors. It was approved for an SBA 504 loan ($1,151,000 SBA portion) on January 4, 2024 to finance real estate or equipment.
SBA 504 loan, approved Jan 4, 2024
- SBA (CDC) portion
- $1,151,000
- Bank portion
- $1,405,000
- Estimated project size
- $2,840,000 (estimated)
- Estimated owner equity
- $284,000 (estimated, about 10% of the project)
- Bank lender
- Bank Midwest, Spirit Lake, IA
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- January 4, 2049 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 13
- Business type
- Corporation
- NAICS
- 238910, Site Preparation Contractors
- 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 49% SBA (CDC) 41% Owner 10%
- Larger than 20% of expansion loans in Site Preparation Contractors on this site.
- Average expansion loan in Site Preparation Contractors: $1,883,067.
- 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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