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Enterprise Drive Holdings LLC

Bloomington, IL · Electrical Contractors and Other Wiring Installation Contractors · NAICS 238210

Enterprise Drive Holdings LLC is an electrical contracting business in Bloomington, IL, classified under NAICS 238210 for electrical contractors and other wiring installation contractors. The company financed real estate or equipment through an SBA 504 loan of $2,046,000 (the SBA portion), approved on October 11, 2023, with St. Louis Bank as the lending bank and Small Business Growth Corporation as the certified development company.

SBA 504 loan, approved Oct 11, 2023

$2,046,000 SBA portionCDC: Small Business Growth Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$2,046,000
Bank portion
$2,500,000
Estimated project size
$5,051,111 (estimated)
Estimated owner equity
$505,111 (estimated, about 10% of the project)
Bank lender
St. Louis Bank, St. Louis, MO
CDC
Small Business Growth Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
October 11, 2048 (estimated, approval date plus term)
First disbursement
Feb 12, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
7
Business type
Corporation
NAICS
238210, Electrical Contractors and Other Wiring Installation Contractors
Project location
Mclean County, IL
SBA district office
Illinois District Office
Congressional district
IL-13
Collateral
Yes

Estimated share of project by source

Bank 49% SBA (CDC) 41% Owner 10%

  • Larger than 66% of expansion loans in Electrical Contractors and Other Wiring Installation Contractors on this site.
  • Average expansion loan in Electrical Contractors and Other Wiring Installation Contractors: $2,211,634.
  • Average expansion loan in Illinois: $2,310,827.

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 Illinois