Innovative Merchandising Partners Inc.
Innovative Merchandising Partners Inc. is located in Northampton, Massachusetts, and its industry is classified as All Other Miscellaneous Manufacturing (NAICS 339999). The company financed real estate or equipment through an SBA 504 loan of $1,523,000, with CIBC Bank USA as the lender and SomerCor 504, Inc. as the certified development company, with loan approval dated February 19, 2025.
SBA 504 loan, approved Feb 19, 2025
$1,523,000 SBA portionCDC: SomerCor 504, Inc.25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,523,000
- Bank portion
- $1,860,000
- Estimated project size
- $3,758,889 (estimated)
- Estimated owner equity
- $375,889 (estimated, about 10% of the project)
- Bank lender
- CIBC Bank USA, Chicago, IL
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- February 19, 2050 (estimated, approval date plus term)
- First disbursement
- Sep 17, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 12
- Business type
- Corporation
- NAICS
- 339999, All Other Miscellaneous Manufacturing
- Project location
- Hampshire County, MA
- SBA district office
- Massachusetts District Office
- Congressional district
- MA-2
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 31% of expansion loans in All Other Miscellaneous Manufacturing on this site.
- Average expansion loan in All Other Miscellaneous Manufacturing: $2,743,762.
- Average expansion loan in Massachusetts: $2,009,683.
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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