The Skin Clinic L.L.C.
The Skin Clinic L.L.C. is located in North Mankato, Minnesota, and operates in the offices of physicians (except mental health specialists) industry. The company was approved for an SBA 504 loan of $2,383,000, which financed real estate or equipment through an SBA 504 loan, with Bank Midwest as the lender and Dakota Business Finance as the certified development company, with an approval date of April 14, 2025.
SBA 504 loan, approved Apr 14, 2025
$2,383,000 SBA portionCDC: Dakota Business Finance25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $2,383,000
- Bank portion
- $2,970,450
- Estimated project size
- $5,948,278 (estimated)
- Estimated owner equity
- $594,828 (estimated, about 10% of the project)
- Bank lender
- Bank Midwest, Spirit Lake, IA
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- April 14, 2050 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 621111, Offices of Physicians (except Mental Health Specialists)
- Project location
- Nicollet County, MN
- SBA district office
- Minnesota District Office
- Congressional district
- MN-1
- Collateral
- Yes
Estimated share of project by source
Bank 50% SBA (CDC) 40% Owner 10%
- Larger than 69% of expansion loans in Offices of Physicians (except Mental Health Specialists) on this site.
- Average expansion loan in Offices of Physicians (except Mental Health Specialists): $2,141,987.
- Average expansion loan in Minnesota: $2,136,981.
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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