TruNorth Automation, LLC
TruNorth Automation, LLC is located in White Bear Township, MN, and the SBA lists its industry as All Other Miscellaneous General Purpose Machinery Manufacturing. It was approved for an SBA 504 loan ($1,366,000 SBA portion) on July 16, 2024 to finance real estate or equipment.
SBA 504 loan, approved Jul 16, 2024
- SBA (CDC) portion
- $1,366,000
- Bank portion
- $1,668,100
- Estimated project size
- $3,371,222 (estimated)
- Estimated owner equity
- $337,122 (estimated, about 10% of the project)
- Bank lender
- First Resource Bank, Lino Lakes, MN
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- July 16, 2049 (estimated, approval date plus term)
- First disbursement
- Jun 17, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 15
- Business type
- Corporation
- NAICS
- 333998, All Other Miscellaneous General Purpose Machinery Manufacturing
- Project location
- Ramsey County, MN
- SBA district office
- Minnesota District Office
- Congressional district
- MN-4
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 40% of expansion loans in All Other Miscellaneous General Purpose Machinery Manufacturing on this site.
- Average expansion loan in All Other Miscellaneous General Purpose Machinery Manufacturing: $2,302,200.
- Average expansion loan in Minnesota: $2,136,981.
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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Same industry in Minnesota
- Valve Check, Inc., White Bear Lake