URAPA Produce LLC
URAPA Produce LLC is a fresh fruit and vegetable merchant wholesaler located in Donna, Texas, in the NAICS 424480 industry. The company financed real estate or equipment through an SBA 504 loan of $3.64 million, approved on October 13, 2023, with Bank Five Nine as the bank partner and LiftFund, Inc. as the certified development company.
SBA 504 loan, approved Oct 13, 2023
$3,640,000 SBA portionCDC: LiftFund, Inc.25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $3,640,000
- Bank portion
- $5,085,000
- Estimated project size
- $9,694,444 (estimated)
- Estimated owner equity
- $969,444 (estimated, about 10% of the project)
- Bank lender
- Bank Five Nine, Oconomowoc, WI
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- October 13, 2048 (estimated, approval date plus term)
- First disbursement
- Feb 14, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 15
- Business type
- Corporation
- NAICS
- 424480, Fresh Fruit and Vegetable Merchant Wholesalers
- Project location
- Hidalgo County, TX
- SBA district office
- Lower Rio Grande Valley District Office
- Congressional district
- TX-15
- Collateral
- Yes
Estimated share of project by source
Bank 52% SBA (CDC) 38% Owner 10%
- Average expansion loan in Fresh Fruit and Vegetable Merchant Wholesalers: $2,999,875.
- Average expansion loan in Texas: $2,316,979.
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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