Garrison Steel Erectors, Inc. and Garrison Steel Fabricators, Inc
Garrison Steel Erectors, Inc. and Garrison Steel Fabricators, Inc. is located in Pell City, Alabama, and is classified under the industry Offices of Other Holding Companies (NAICS 551112).
SBA 504 loan, approved Oct 29, 2024
$1,979,000 SBA portionCDC: Southern Development Council25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,979,000
- Bank portion
- $2,476,000
- Estimated project size
- $4,950,000 (estimated)
- Estimated owner equity
- $495,000 (estimated, about 10% of the project)
- Bank lender
- Renasant Bank, Tupelo, MS
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- October 29, 2049 (estimated, approval date plus term)
- First disbursement
- Mar 12, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 15
- Business type
- Corporation
- NAICS
- 551112, Offices of Other Holding Companies
- Project location
- Saint Clair County, AL
- SBA district office
- Alabama District Office
- Congressional district
- AL-3
- Collateral
- Yes
Estimated share of project by source
Bank 50% SBA (CDC) 40% Owner 10%
- Average expansion loan in Offices of Other Holding Companies: $2,275,800.
- Average expansion loan in Alabama: $2,182,891.
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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