Badland Batteries, LLC
Badland Batteries, LLC is a battery manufacturing business located in Fargo, North Dakota. The company was financed with an SBA 504 loan that financed real estate or equipment through an SBA 504 loan with an SBA portion of $5.5 million, approved on February 27, 2025, through Cornerstone Bank and Dakota Business Lending.
SBA 504 loan, approved Feb 27, 2025
$5,500,000 SBA portionCDC: Dakota Business Lending25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $5,500,000
- Bank portion
- $18,343,550
- Estimated project size
- $26,492,833 (estimated)
- Estimated owner equity
- $2,649,283 (estimated, about 10% of the project)
- Bank lender
- Cornerstone Bank, Fargo, ND
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- February 27, 2050 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 25
- Business type
- Corporation
- NAICS
- 335910, Battery Manufacturing
- Project location
- Cass County, ND
- SBA district office
- North Dakota District Office
- Congressional district
- ND-0
- Collateral
- Yes
Estimated share of project by source
Bank 69% SBA (CDC) 21% Owner 10%
- Average expansion loan in Battery Manufacturing: $5,500,000.
- Average expansion loan in North Dakota: $1,912,640.
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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