357 Maine Mall Road, LLC
357 Maine Mall Road, LLC is a sporting and recreational goods and supplies merchant wholesaler located in South Portland, Maine. The company financed real estate or equipment through an SBA 504 loan of $1,407,000, with Maine Community Bank as the lending bank and Granite State Economic Development Corporation as the certified development company, approved on May 19, 2025.
SBA 504 loan, approved May 19, 2025
$1,407,000 SBA portionCDC: Granite State Economic Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,407,000
- Bank portion
- $1,715,000
- Estimated project size
- $3,468,889 (estimated)
- Estimated owner equity
- $346,889 (estimated, about 10% of the project)
- Bank lender
- Maine Community Bank, Portland, ME
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- May 19, 2050 (estimated, approval date plus term)
- First disbursement
- Jul 15, 2026
- Loan status
- Status not reported (SBA exemption)
- Business type
- Corporation
- NAICS
- 423910, Sporting and Recreational Goods and Supplies Merchant Wholesalers
- Project location
- Cumberland County, ME
- SBA district office
- Maine District Office
- Congressional district
- ME-1
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Average expansion loan in Sporting and Recreational Goods and Supplies Merchant Wholesalers: $2,413,875.
- Average expansion loan in Maine: $2,027,182.
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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