Main Street Registry

Shiloh's Hope

St. Peter, MN · Assisted Living Facilities for the Elderly · NAICS 623312

Shiloh's Hope is located in St. Peter, MN, and the SBA lists its industry as Assisted Living Facilities for the Elderly. It was approved for an SBA 504 loan ($1,473,000 SBA portion) on January 5, 2026 to finance real estate or equipment.

SBA 504 loan, approved Jan 5, 2026

SBA (CDC) portion
$1,473,000
Bank portion
$2,035,000
Estimated project size
$3,897,778 (estimated)
Estimated owner equity
$389,778 (estimated, about 10% of the project)
Bank lender
BankVista, Sartell, MN
CDC
Midwest Business Finance Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
January 5, 2051 (estimated, approval date plus term)
First disbursement
Jul 15, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
42
Business type
Corporation
NAICS
623312, Assisted Living Facilities for the Elderly
Project location
Nicollet County, MN
SBA district office
Minnesota District Office
Congressional district
MN-1
Collateral
Yes

Estimated share of project by source

Bank 52% SBA (CDC) 38% Owner 10%

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 Minnesota