Waste Solutions of Iowa, LLC
Waste Solutions of Iowa, LLC is a septic tank and related services business located in Des Moines, Iowa, classified under NAICS code 562991. The company financed real estate or equipment through an SBA 504 loan of $1,352,000 approved on March 29, 2024, with Northwest Bank as the lender and Iowa Business Growth Company as the certified development company.
SBA 504 loan, approved Mar 29, 2024
$1,352,000 SBA portionCDC: Iowa Business Growth Company25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,352,000
- Bank portion
- $1,650,000
- Estimated project size
- $3,335,556 (estimated)
- Estimated owner equity
- $333,556 (estimated, about 10% of the project)
- Bank lender
- Northwest Bank, Spencer, IA
- Processing method
- 504 Basic: standard SBA processing through a CDC
- Term
- 25 years (300 months)
- Estimated maturity
- March 29, 2049 (estimated, approval date plus term)
- First disbursement
- Dec 11, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 16
- Business type
- Corporation
- NAICS
- 562991, Septic Tank and Related Services
- Project location
- Polk County, IA
- SBA district office
- Des Moines District Office
- Congressional district
- IA-3
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Average expansion loan in Septic Tank and Related Services: $1,328,000.
- Average expansion loan in Iowa: $1,994,971.
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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