Fabricated Duct Systems
Fabricated Duct Systems is located in New Hope, MN, and the SBA lists its industry as Plumbing, Heating, and Air-Conditioning Contractors. It was approved for an SBA 504 loan ($1,729,000 SBA portion) on November 20, 2024 to finance real estate or equipment.
SBA 504 loan, approved Nov 20, 2024
- SBA (CDC) portion
- $1,729,000
- Bank portion
- $2,112,500
- Estimated project size
- $4,268,333 (estimated)
- Estimated owner equity
- $426,833 (estimated, about 10% of the project)
- Bank lender
- BMO Bank National Association, Chicago, IL
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- November 20, 2049 (estimated, approval date plus term)
- First disbursement
- Jul 16, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 238220, Plumbing, Heating, and Air-Conditioning Contractors
- Project location
- Hennepin County, MN
- SBA district office
- Minnesota District Office
- Congressional district
- MN-3
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 50% of expansion loans in Plumbing, Heating, and Air-Conditioning Contractors on this site.
- Average expansion loan in Plumbing, Heating, and Air-Conditioning Contractors: $1,998,914.
- 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
- CCG Real Estate Holdings LLC, Staples
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- Winona Controls, Inc., Caledonia
- Jns Co, Inc., Anoka