Dynamic Metal Recycling, Inc.
Dynamic Metal Recycling, Inc. is a recyclable material merchant wholesaler located in La Porte, Indiana, classified under NAICS code 423930. The company financed real estate or equipment through an SBA 504 loan of $1,305,000 from First Merchants Bank, with the loan approved on May 22, 2024.
SBA 504 loan, approved May 22, 2024
$1,305,000 SBA portionCDC: Regional Development Company25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,305,000
- Bank portion
- $1,700,000
- Estimated project size
- $3,338,889 (estimated)
- Estimated owner equity
- $333,889 (estimated, about 10% of the project)
- Bank lender
- First Merchants Bank, Indianapolis, IN
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- May 22, 2049 (estimated, approval date plus term)
- First disbursement
- Jan 15, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 423930, Recyclable Material Merchant Wholesalers
- Project location
- La Porte County, IN
- SBA district office
- Indiana District Office
- Congressional district
- IN-1
- Collateral
- Yes
Estimated share of project by source
Bank 51% SBA (CDC) 39% Owner 10%
- Larger than 5% of expansion loans in Recyclable Material Merchant Wholesalers on this site.
- Average expansion loan in Recyclable Material Merchant Wholesalers: $2,389,263.
- 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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