Romsdal Properties, LLC
Romsdal Properties, LLC is located in Jamestown, ND, and the SBA lists its industry as Farm and Garden Machinery and Equipment Merchant Wholesalers. It was approved for an SBA 504 loan ($5,000,000 SBA portion) on April 19, 2024 to finance real estate or equipment.
- Business type
- Corporation
- Business age reported
- Existing or more than 2 years old
SBA 504 loans
| Approved | SBA portion | Bank portion | Project size | Lender | CDC | Term | Jobs supported | Status |
|---|---|---|---|---|---|---|---|---|
| Apr 19, 2024 | $5,000,000 | $7,419,500 | $13,799,444 (estimated) | Unison Bank | Midwest Business Finance Corporation | 25 years | 7 | Approved, not yet funded |
Estimated project size is (SBA portion + bank portion) divided by 0.9, since the owner typically contributes about 10 percent. It is not an SBA-published figure.
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