Piper 5 Holdings, LLC
Piper 5 Holdings, LLC is a general warehousing and storage business located in Columbus, Indiana. The company financed real estate or equipment through an SBA 504 loan of $1,898,000, with First Merchants Bank as the lender and approval dated October 30, 2024.
SBA 504 loan, approved Oct 30, 2024
$1,898,000 SBA portionCDC: Indiana Statewide Certified Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,898,000
- Bank portion
- $2,700,000
- Estimated project size
- $5,108,889 (estimated)
- Estimated owner equity
- $510,889 (estimated, about 10% of the project)
- Bank lender
- First Merchants Bank, Indianapolis, IN
- Processing method
- 504 Basic: standard SBA processing through a CDC
- Term
- 25 years (300 months)
- Estimated maturity
- October 30, 2049 (estimated, approval date plus term)
- First disbursement
- Jul 15, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 493110, General Warehousing and Storage
- Project location
- Bartholomew County, IN
- SBA district office
- Indiana District Office
- Congressional district
- IN-6
- Collateral
- Yes
Estimated share of project by source
Bank 53% SBA (CDC) 37% Owner 10%
- Larger than 23% of expansion loans in General Warehousing and Storage on this site.
- Average expansion loan in General Warehousing and Storage: $3,265,773.
- 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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