Standard Change Makers
Standard Change Makers is located in Indianapolis, IN, and the SBA lists its industry as All Other Miscellaneous Fabricated Metal Product Manufacturing. It was approved for an SBA 504 loan ($2,145,000 SBA portion) on September 24, 2024 to finance real estate or equipment.
SBA 504 loan, approved Sep 24, 2024
- SBA (CDC) portion
- $2,145,000
- Bank portion
- $2,620,500
- Estimated project size
- $5,295,000 (estimated)
- Estimated owner equity
- $529,500 (estimated, about 10% of the project)
- Bank lender
- The Huntington National Bank, Columbus, OH
- Processing method
- 504 Basic: standard SBA processing through a CDC
- Term
- 25 years (300 months)
- Estimated maturity
- September 24, 2049 (estimated, approval date plus term)
- First disbursement
- Dec 11, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 332999, All Other Miscellaneous Fabricated Metal Product Manufacturing
- Project location
- Marion County, IN
- SBA district office
- Indiana District Office
- Congressional district
- IN-5
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 50% of expansion loans in All Other Miscellaneous Fabricated Metal Product Manufacturing on this site.
- Average expansion loan in All Other Miscellaneous Fabricated Metal Product Manufacturing: $2,573,206.
- Average expansion loan in Indiana: $2,227,963.
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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