VHC Fuller Road L.L.C.
VHC Fuller Road L.L.C. is located in Eden Prairie, MN, and the SBA lists its industry as Sports and Recreation Instruction. It was approved for an SBA 504 loan ($1,423,000 SBA portion) on February 27, 2024 to finance real estate or equipment.
SBA 504 loan, approved Feb 27, 2024
- SBA (CDC) portion
- $1,423,000
- Bank portion
- $1,737,500
- Estimated project size
- $3,511,667 (estimated)
- Estimated owner equity
- $351,167 (estimated, about 10% of the project)
- Bank lender
- Vantage Bank, Kent, MN
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- February 27, 2049 (estimated, approval date plus term)
- First disbursement
- Aug 14, 2024
- Loan status
- Status not reported (SBA exemption)
- Business type
- Corporation
- NAICS
- 611620, Sports and Recreation Instruction
- Project location
- Hennepin County, MN
- SBA district office
- Minnesota District Office
- Congressional district
- MN-3
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 35% of expansion loans in Sports and Recreation Instruction on this site.
- Average expansion loan in Sports and Recreation Instruction: $1,653,800.
- 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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