Polaris Baxter Properties, LLC
Polaris Baxter Properties, LLC is a business in Baxter, Tennessee, in the custom architectural woodwork and millwork manufacturing industry. The company financed real estate or equipment through an SBA 504 loan with an SBA portion of $1,573,000, approved on July 21, 2025, through Apex Bank and the certified development company Brightbridge, Inc., with a total project amount of $1,920,550.
SBA 504 loan, approved Jul 21, 2025
$1,573,000 SBA portionCDC: Brightbridge, Inc.25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $1,573,000
- Bank portion
- $1,920,550
- Estimated project size
- $3,881,722 (estimated)
- Estimated owner equity
- $388,172 (estimated, about 10% of the project)
- Bank lender
- Apex Bank, Camden, TN
- Processing method
- 504 Basic: standard SBA processing through a CDC
- Term
- 25 years (300 months)
- Estimated maturity
- July 21, 2050 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 48
- Business type
- Corporation
- NAICS
- 337212, Custom Architectural Woodwork and Millwork Manufacturing
- Project location
- Putnam County, TN
- SBA district office
- Tennessee District Office
- Congressional district
- TN-6
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Average expansion loan in Custom Architectural Woodwork and Millwork Manufacturing: $2,714,000.
- Average expansion loan in Tennessee: $2,402,643.
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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