Commercial Furniture Services, Inc.
Commercial Furniture Services, Inc., located in St. Louis Park, Minnesota, is classified in the furniture retailers industry (NAICS 449110). The company was financed with an SBA 504 loan for real estate or equipment, with an SBA portion of $2,395,000, through Key Community Bank and Southeastern Minnesota 504 Development Corporation, with an approval date of December 29, 2025.
SBA 504 loan, approved Dec 29, 2025
$2,395,000 SBA portionCDC: Southeastern Minnesota 504 Development Corporation25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $2,395,000
- Bank portion
- $2,900,000
- Estimated project size
- $5,883,333 (estimated)
- Estimated owner equity
- $588,333 (estimated, about 10% of the project)
- Bank lender
- Key Community Bank, Inver Grove Heights, MN
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- December 29, 2050 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 449110, Furniture Retailers
- Project location
- Hennepin County, MN
- SBA district office
- Minnesota District Office
- Congressional district
- MN-5
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 66% of expansion loans in Furniture Retailers on this site.
- Average expansion loan in Furniture Retailers: $2,338,737.
- 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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Same industry in Minnesota
- Rypen.com, Inc., Eden Prairie