Ketamine North Infusion Center
Ketamine North Infusion Center is a business in Duluth, Minnesota, in the offices of all other miscellaneous health practitioners industry. It financed real estate or equipment through an SBA 504 loan, with an SBA portion of $1,209,000 provided through Midwest Business Finance Corporation and Bell Bank, with approval dated December 17, 2025.
SBA 504 loan, approved Dec 17, 2025
$1,209,000 SBA portionCDC: Midwest Business Finance Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,209,000
- Bank portion
- $1,437,500
- Estimated project size
- $2,940,556 (estimated)
- Estimated owner equity
- $294,056 (estimated, about 10% of the project)
- Bank lender
- Bell Bank, Fargo, ND
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- December 17, 2050 (estimated, approval date plus term)
- First disbursement
- Apr 15, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 621399, Offices of All Other Miscellaneous Health Practitioners
- Project location
- Saint Louis County, MN
- SBA district office
- Minnesota District Office
- Congressional district
- MN-8
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 22% of expansion loans in Offices of All Other Miscellaneous Health Practitioners on this site.
- Average expansion loan in Offices of All Other Miscellaneous Health Practitioners: $1,896,630.
- 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
- Rejuvenext Inc., Excelsior
- Lakeland Health Services, Inc, Plymouth