Sunrise Dairy, LLC
Sunrise Dairy, LLC, located in Clear Lake, South Dakota, is classified under the industry Fluid Milk Manufacturing (NAICS 311511). The company financed real estate or equipment through an SBA 504 loan of $3,977,000, approved on August 12, 2024, through Plains Commerce Bank with Dakota Business Finance as the certified development company.
SBA 504 loan, approved Aug 12, 2024
$3,977,000 SBA portionCDC: Dakota Business Finance25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $3,977,000
- Bank portion
- $6,042,500
- Estimated project size
- $11,132,778 (estimated)
- Estimated owner equity
- $1,113,278 (estimated, about 10% of the project)
- Bank lender
- Plains Commerce Bank, Sioux Falls, SD
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- August 12, 2049 (estimated, approval date plus term)
- First disbursement
- Feb 11, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 16
- Business type
- Corporation
- NAICS
- 311511, Fluid Milk Manufacturing
- Project location
- Hamlin County, SD
- SBA district office
- South Dakota District Office
- Congressional district
- SD-0
- Collateral
- Yes
Estimated share of project by source
Bank 54% SBA (CDC) 36% Owner 10%
- Average expansion loan in Fluid Milk Manufacturing: $2,706,000.
- Average expansion loan in South Dakota: $2,152,356.
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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