Main Street Registry

Twin Cities Nursing Care, Inc.

Maplewood, MN · Assisted Living Facilities for the Elderly · NAICS 623312

Twin Cities Nursing Care, Inc. is an assisted living facility for the elderly located in Maplewood, Minnesota, classified under NAICS code 623312. The company financed real estate or equipment through an SBA 504 loan with an SBA portion of $1,969,000, approved on April 28, 2025, with CorTrust Bank National Association as the bank lender and Twin Cities-Metro Certified Development Company as the certified development company.

SBA 504 loan, approved Apr 28, 2025

$1,969,000 SBA portionCDC: Twin Cities-Metro Certified Development Company25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$1,969,000
Bank portion
$2,750,000
Estimated project size
$5,243,333 (estimated)
Estimated owner equity
$524,333 (estimated, about 10% of the project)
Bank lender
CorTrust Bank National Association, Mitchell, SD
CDC
Twin Cities-Metro Certified Development Company
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
April 28, 2050 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
10
Business type
Corporation
NAICS
623312, Assisted Living Facilities for the Elderly
Project location
Ramsey County, MN
SBA district office
Minnesota District Office
Congressional district
MN-4
Collateral
Yes

Estimated share of project by source

Bank 52% SBA (CDC) 38% Owner 10%

  • Larger than 63% of expansion loans in Assisted Living Facilities for the Elderly on this site.
  • Average expansion loan in Assisted Living Facilities for the Elderly: $1,996,284.
  • 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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in Minnesota