Victoria Veterinary Hospital LLC
Victoria Veterinary Hospital LLC is a veterinary services business in Victoria, Minnesota, classified under NAICS code 541940. The company financed real estate or equipment through an SBA 504 loan of $1,724,000, approved on April 22, 2024, with Farmers and Merchants State Bank of Pierz as the lender and Midwest Business Finance Corporation as the certified development company.
SBA 504 loan, approved Apr 22, 2024
$1,724,000 SBA portionCDC: Midwest Business Finance Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,724,000
- Bank portion
- $2,068,500
- Estimated project size
- $4,213,889 (estimated)
- Estimated owner equity
- $421,389 (estimated, about 10% of the project)
- Bank lender
- Farmers and Merchants State Bank of Pierz, Pierz, MN
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- April 22, 2049 (estimated, approval date plus term)
- First disbursement
- Sep 17, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 14
- Business type
- Corporation
- NAICS
- 541940, Veterinary Services
- Project location
- Carver County, MN
- SBA district office
- Minnesota District Office
- Congressional district
- MN-3
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 41% of expansion loans in Veterinary Services on this site.
- Average expansion loan in Veterinary Services: $2,202,156.
- 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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