7848 Holdings LLC
7848 Holdings LLC is a business in Lenexa, Kansas, in the department stores industry (NAICS 455110). It financed real estate or equipment through an SBA 504 loan of $1,869,000, with the SBA portion administered by Heartland Business Capital, Inc. and the bank portion provided by Busey Bank, with approval dated June 27, 2024.
SBA 504 loan, approved Jun 27, 2024
$1,869,000 SBA portionCDC: Heartland Business Capital, Inc.25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,869,000
- Bank portion
- $2,055,000
- Estimated project size
- $4,360,000 (estimated)
- Estimated owner equity
- $436,000 (estimated, about 10% of the project)
- Bank lender
- Busey Bank, Champaign, IL
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- June 27, 2049 (estimated, approval date plus term)
- First disbursement
- Jun 17, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 455110, Department Stores
- 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 47% SBA (CDC) 43% Owner 10%
- Average expansion loan in Department Stores: $1,379,000.
- 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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