St. Paul Grocery LLC
St. Paul Grocery LLC, located in Saint Paul, Nebraska, operates in the supermarkets and other grocery retailers industry (NAICS 445110). The company financed real estate or equipment through an SBA 504 loan of $1,951,000, with Homestead Bank as the lender and the Nebraska Economic Development Corporation as the certified development company, with approval dated January 23, 2025.
SBA 504 loan, approved Jan 23, 2025
$1,951,000 SBA portionCDC: Nebraska Economic Development Corporation25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $1,951,000
- Bank portion
- $2,383,578
- Estimated project size
- $4,816,198 (estimated)
- Estimated owner equity
- $481,620 (estimated, about 10% of the project)
- Bank lender
- Homestead Bank, Cozad, NE
- Processing method
- 504 Basic: standard SBA processing through a CDC
- Term
- 25 years (300 months)
- Estimated maturity
- January 23, 2050 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 445110, Supermarkets and Other Grocery Retailers (except Convenience Retailers)
- Project location
- Howard County, NE
- SBA district office
- Nebraska District Office
- Congressional district
- NE-3
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 56% of expansion loans in Supermarkets and Other Grocery Retailers (except Convenience Retailers) on this site.
- Average expansion loan in Supermarkets and Other Grocery Retailers (except Convenience Retailers): $2,388,397.
- Average expansion loan in Nebraska: $2,191,172.
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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