L2 Insulation & Coatings
L2 Insulation & Coatings, located in Garden City, Idaho, is classified under NAICS 238990, All Other Specialty Trade Contractors. The company was approved for an SBA 504 loan of $1,434,000 for real estate or equipment, with D. L. Evans Bank as the lender and Capital Matrix, Inc. as the certified development company, with approval dated March 25, 2026.
SBA 504 loan, approved Mar 25, 2026
$1,434,000 SBA portionCDC: Capital Matrix, Inc.25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $1,434,000
- Bank portion
- $1,742,187
- Estimated project size
- $3,529,097 (estimated)
- Estimated owner equity
- $352,910 (estimated, about 10% of the project)
- Bank lender
- D. L. Evans Bank, Burley, ID
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- March 25, 2051 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 238990, All Other Specialty Trade Contractors
- Project location
- Ada County, ID
- SBA district office
- Boise District Office
- Congressional district
- ID-1
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 47% of expansion loans in All Other Specialty Trade Contractors on this site.
- Average expansion loan in All Other Specialty Trade Contractors: $1,769,072.
- Average expansion loan in Idaho: $1,940,500.
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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