Main Street Registry

Sweis Infiniti Merrillville

Merrillville, IN · New Car Dealers · NAICS 441110

Sweis Infiniti Merrillville is a new car dealer located in Merrillville, Indiana, classified under NAICS code 441110 (New Car Dealers). The business was financed with an SBA 504 loan of $1,851,000 for real estate or equipment, approved on January 7, 2026, through Peoples Bank and SomerCor 504, Inc.

SBA 504 loan, approved Jan 7, 2026

$1,851,000 SBA portionCDC: SomerCor 504, Inc.25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,851,000
Bank portion
$2,250,000
Estimated project size
$4,556,667 (estimated)
Estimated owner equity
$455,667 (estimated, about 10% of the project)
Bank lender
Peoples Bank, Lyons, GA
CDC
SomerCor 504, Inc.
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
January 7, 2051 (estimated, approval date plus term)
First disbursement
Apr 15, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
15
Business type
Corporation
NAICS
441110, New Car Dealers
Franchise
Infiniti Dealer Sales and Service Agreement
Project location
Lake County, IN
SBA district office
Indiana District Office
Congressional district
IN-1
Collateral
Yes

Estimated share of project by source

Bank 49% SBA (CDC) 41% Owner 10%

  • Larger than 25% 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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Same industry in Indiana