Urban Vines LLC
Urban Vines LLC, located in Westfield, Indiana, operates in the winery industry (NAICS 312130). The company financed real estate or equipment through an SBA 504 loan with an SBA portion of $1,203,000, approved on January 11, 2024, with Community First Bank of Indiana as the bank lender and Indiana Statewide Certified Development Corporation as the CDC.
SBA 504 loan, approved Jan 11, 2024
$1,203,000 SBA portionCDC: Indiana Statewide Certified Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,203,000
- Bank portion
- $1,337,750
- Estimated project size
- $2,823,056 (estimated)
- Estimated owner equity
- $282,306 (estimated, about 10% of the project)
- Bank lender
- Community First Bank of Indiana, Kokomo, IN
- Processing method
- 504 Basic: standard SBA processing through a CDC
- Term
- 25 years (300 months)
- Estimated maturity
- January 11, 2049 (estimated, approval date plus term)
- First disbursement
- Dec 11, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 312130, Wineries
- Project location
- Hamilton County, IN
- SBA district office
- Indiana District Office
- Congressional district
- IN-5
- Collateral
- Yes
Estimated share of project by source
Bank 47% SBA (CDC) 43% Owner 10%
- Average expansion loan in Wineries: $1,851,000.
- Average expansion loan in Indiana: $2,227,963.
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.