PA Maxrealestate 3 LLC
PA Maxrealestate 3 LLC is a business in Indianapolis, Indiana, classified under New Car Dealers (NAICS 441110). It financed real estate or equipment through an SBA 504 loan with an SBA portion of $3,579,000, approved on June 6, 2024, through Lake City Bank and the Indiana Statewide Certified Development Corporation.
SBA 504 loan, approved Jun 6, 2024
$3,579,000 SBA portionCDC: Indiana Statewide Certified Development Corporation25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $3,579,000
- Bank portion
- $5,950,000
- Estimated project size
- $10,587,778 (estimated)
- Estimated owner equity
- $1,058,778 (estimated, about 10% of the project)
- Bank lender
- Lake City Bank, Warsaw, IN
- Processing method
- 504 Basic: standard SBA processing through a CDC
- Term
- 25 years (300 months)
- Estimated maturity
- June 6, 2049 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 82
- Business type
- Corporation
- NAICS
- 441110, New Car Dealers
- Project location
- Marion County, IN
- SBA district office
- Indiana District Office
- Congressional district
- IN-7
- Collateral
- Yes
Estimated share of project by source
Bank 56% SBA (CDC) 34% Owner 10%
- Larger than 56% of expansion loans in New Car Dealers on this site.
- Average expansion loan in New Car Dealers: $3,138,111.
- 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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