Main Street Registry

Culvers of Vincennes

Vincennes, IN · Limited-Service Restaurants · NAICS 722513

Culvers of Vincennes is a limited-service restaurant located in Vincennes, Indiana, in the Limited-Service Restaurants industry (NAICS 722513). The business financed real estate or equipment through an SBA 504 loan of $1,920,000, approved on February 23, 2026, with Bank Five Nine as the participating bank and Indiana Statewide Certified Development Corporation as the certified development company.

SBA 504 loan, approved Feb 23, 2026

$1,920,000 SBA portionCDC: Indiana Statewide Certified Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,920,000
Bank portion
$1,866,910
Estimated project size
$4,207,678 (estimated)
Estimated owner equity
$420,768 (estimated, about 10% of the project)
Bank lender
Bank Five Nine, Oconomowoc, WI
CDC
Indiana Statewide Certified Development Corporation
Processing method
504 Refinancing: refinances existing business debt
Term
25 years (300 months)
Estimated maturity
February 23, 2051 (estimated, approval date plus term)
First disbursement
Jul 15, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
15
Business type
Corporation
NAICS
722513, Limited-Service Restaurants
Project location
Knox County, IN
SBA district office
Indiana District Office
Congressional district
IN-8
Collateral
Yes

Estimated share of project by source

Bank 44% SBA (CDC) 46% Owner 10%

  • Larger than 83% 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