Veritas Park, LLC
Veritas Park, LLC is a business in Overland Park, Kansas, in the elementary and secondary schools industry. The company financed real estate or equipment through an SBA 504 loan of $2,634,000, approved on March 6, 2025 through Landmark National Bank and Wakarusa Valley Development, Inc.
SBA 504 loan, approved Mar 6, 2025
$2,634,000 SBA portionCDC: Wakarusa Valley Development, Inc.25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $2,634,000
- Bank portion
- $3,222,200
- Estimated project size
- $6,506,889 (estimated)
- Estimated owner equity
- $650,689 (estimated, about 10% of the project)
- Bank lender
- Landmark National Bank, Manhattan, KS
- Processing method
- 504 Basic: standard SBA processing through a CDC
- Term
- 25 years (300 months)
- Estimated maturity
- March 6, 2050 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 611110, Elementary and Secondary Schools
- Project location
- Johnson County, KS
- SBA district office
- Kansas City District Office
- Congressional district
- KS-3
- Collateral
- Yes
Estimated share of project by source
Bank 50% SBA (CDC) 40% Owner 10%
- Larger than 70% of expansion loans in Elementary and Secondary Schools on this site.
- Average expansion loan in Elementary and Secondary Schools: $2,129,925.
- Average expansion loan in Kansas: $2,080,367.
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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