Short Equipment, Inc.
Short Equipment, Inc. is a business in Phoenix, Arizona, in the Industrial Machinery and Equipment Merchant Wholesalers industry (NAICS 423830). It financed real estate or equipment through an SBA 504 loan of $1,837,000, approved on August 26, 2024, with Bell Bank as the lending partner and The Mortgage Capital Development Corporation as the certified development company.
SBA 504 loan, approved Aug 26, 2024
$1,837,000 SBA portionCDC: The Mortgage Capital Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,837,000
- Bank portion
- $1,587,437
- Estimated project size
- $3,804,930 (estimated)
- Estimated owner equity
- $380,493 (estimated, about 10% of the project)
- Bank lender
- Bell Bank, Fargo, ND
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- August 26, 2049 (estimated, approval date plus term)
- First disbursement
- Apr 16, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 423830, Industrial Machinery and Equipment Merchant Wholesalers
- Project location
- Maricopa County, AZ
- SBA district office
- Arizona District Office
- Congressional district
- AZ-7
- Collateral
- Yes
Estimated share of project by source
Bank 42% SBA (CDC) 48% Owner 10%
- Larger than 58% of expansion loans in Industrial Machinery and Equipment Merchant Wholesalers on this site.
- Average expansion loan in Industrial Machinery and Equipment Merchant Wholesalers: $2,231,750.
- Average expansion loan in Arizona: $2,074,452.
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 Arizona
- CBA Holdings, LLC, Phoenix