Midwest Rentals Inc
Midwest Rentals Inc, located in Lafayette, IN, operates in the General Rental Centers industry (NAICS 532310). The business financed real estate or equipment through an SBA 504 loan with an SBA portion of $1,161,000, approved on August 13, 2024, through Forum CU and the Regional Development Company.
SBA 504 loan, approved Aug 13, 2024
$1,161,000 SBA portionCDC: Regional Development Company20 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,161,000
- Bank portion
- $1,275,210
- Estimated project size
- $2,706,900 (estimated)
- Estimated owner equity
- $270,690 (estimated, about 10% of the project)
- Bank lender
- Forum CU, Fishers, IN
- Processing method
- 504 Refinancing: refinances existing business debt
- Term
- 20 years (240 months)
- Estimated maturity
- August 13, 2044 (estimated, approval date plus term)
- First disbursement
- Dec 11, 2024
- Loan status
- Status not reported (SBA exemption)
- Business type
- Corporation
- NAICS
- 532310, General Rental Centers
- Project location
- Tippecanoe County, IN
- SBA district office
- Indiana District Office
- Congressional district
- IN-4
- Collateral
- Yes
Estimated share of project by source
Bank 47% SBA (CDC) 43% Owner 10%
- Larger than 18% of expansion loans in General Rental Centers on this site.
- Average expansion loan in General Rental Centers: $2,404,091.
- Average expansion loan in Indiana: $2,227,963.
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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