SNS Waukee LLC
SNS Waukee LLC is located in Waukee, IA, and the SBA lists its industry as Limited-Service Restaurants. It was approved for an SBA 504 loan ($1,495,000 SBA portion) on May 2, 2025 to finance real estate or equipment.
SBA 504 loan, approved May 2, 2025
- SBA (CDC) portion
- $1,495,000
- Bank portion
- $1,825,000
- Estimated project size
- $3,688,889 (estimated)
- Estimated owner equity
- $368,889 (estimated, about 10% of the project)
- Bank lender
- Farmers State Bank, Waterloo, IA
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 20 years (240 months)
- Estimated maturity
- May 2, 2045 (estimated, approval date plus term)
- First disbursement
- Jul 15, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 30
- Business type
- Corporation
- NAICS
- 722513, Limited-Service Restaurants
- Franchise
- Steak n Shake By Biglari
- Project location
- Dallas County, IA
- SBA district office
- Des Moines District Office
- Congressional district
- IA-3
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 60% of expansion loans in Limited-Service Restaurants on this site.
- Average expansion loan in Limited-Service Restaurants: $1,507,672.
- 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.
Is this your company? Claim or correct this listing. See Corrections.
Same industry in Iowa
- JBB Properties, LLC, Jefferson
- Scooter's Coffee, Altoona