Hansen Land Holdings ii, LLC
Hansen Land Holdings ii, LLC is a wood kitchen cabinet and countertop manufacturer located in Saint Joseph, Minnesota. The company financed real estate or equipment through an SBA 504 loan with a $3,461,000 SBA portion, approved through Midwest Business Finance Corporation with Old National Bank as the participating lender, with an approval date of July 29, 2026.
SBA 504 loan, approved Jul 29, 2026
$3,461,000 SBA portionCDC: Midwest Business Finance Corporation25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $3,461,000
- Bank portion
- $4,222,000
- Estimated project size
- $8,536,667 (estimated)
- Estimated owner equity
- $853,667 (estimated, about 10% of the project)
- Bank lender
- Old National Bank, Evansville, IN
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- July 29, 2051 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 20
- Business type
- Corporation
- NAICS
- 337110, Wood Kitchen Cabinet and Countertop Manufacturing
- Project location
- Stearns County, MN
- SBA district office
- Minnesota District Office
- Congressional district
- MN-6
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 88% of expansion loans in Wood Kitchen Cabinet and Countertop Manufacturing on this site.
- Average expansion loan in Wood Kitchen Cabinet and Countertop Manufacturing: $1,804,438.
- 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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