Main Street Registry

Culvers of Newburgh

Newburgh, IN · Limited-Service Restaurants · NAICS 722513

Culvers of Newburgh is a limited-service restaurant located in Newburgh, Indiana, classified under NAICS code 722513. The company financed real estate or equipment through an SBA 504 loan of $2,088,000, with Bank Five Nine as the lender and Indiana Statewide Certified Development Corporation as the certified development company, with approval dated March 3, 2026.

SBA 504 loan, approved Mar 3, 2026

$2,088,000 SBA portionCDC: Indiana Statewide Certified Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$2,088,000
Bank portion
$2,901,000
Estimated project size
$5,543,333 (estimated)
Estimated owner equity
$554,333 (estimated, about 10% of the project)
Bank lender
Bank Five Nine, Oconomowoc, WI
CDC
Indiana Statewide Certified Development Corporation
Processing method
504 Basic: standard SBA processing through a CDC
Term
25 years (300 months)
Estimated maturity
March 3, 2051 (estimated, approval date plus term)
First disbursement
Jul 15, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
18
Business type
Corporation
NAICS
722513, Limited-Service Restaurants
Franchise
Culver's
Project location
Warrick County, IN
SBA district office
Indiana District Office
Congressional district
IN-8
Collateral
Yes

Estimated share of project by source

Bank 52% SBA (CDC) 38% Owner 10%

  • Larger than 85% of expansion loans in Limited-Service Restaurants on this site.
  • Average expansion loan in Limited-Service Restaurants: $1,507,672.
  • Average expansion loan in Indiana: $2,227,963.

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 Indiana