Idc-Automatic
Idc-Automatic is located in Coon Rapids, MN, and the SBA lists its industry as Other Building Equipment Contractors. It was approved for an SBA 504 loan ($1,951,000 SBA portion) on October 30, 2024 to finance real estate or equipment.
- Business type
- Corporation
- Business age reported
- Existing or more than 2 years old
SBA 504 loans
| Approved | SBA portion | Bank portion | Project size | Lender | CDC | Term | Jobs supported | Status |
|---|---|---|---|---|---|---|---|---|
| Oct 30, 2024 | $1,951,000 | $2,734,100 | $5,205,667 (estimated) | Scale Bank | Central Minnesota Development Company | 25 years | 81 | Approved, not yet funded |
Estimated project size is (SBA portion + bank portion) divided by 0.9, since the owner typically contributes about 10 percent. It is not an SBA-published figure.
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