Top Tier II, LLC
Top Tier II, LLC is a tire dealer located in Marion, Iowa. The company financed real estate or equipment through an SBA 504 loan of $1,024,000 with Central Bank as the lender, approved on October 7, 2024.
SBA 504 loan, approved Oct 7, 2024
$1,024,000 SBA portionCDC: Dakota Business Finance25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,024,000
- Bank portion
- $1,250,000
- Estimated project size
- $2,526,667 (estimated)
- Estimated owner equity
- $252,667 (estimated, about 10% of the project)
- Bank lender
- Central Bank, Storm Lake, IA
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- October 7, 2049 (estimated, approval date plus term)
- First disbursement
- Feb 12, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 1
- Business type
- Corporation
- NAICS
- 441340, Tire Dealers
- Project location
- Linn County, IA
- SBA district office
- Des Moines District Office
- Congressional district
- IA-1
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Average expansion loan in Tire Dealers: $1,443,778.
- 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.