SBA lending record

BDC Group, Inc.

1936 51ST ST NE, Cedar Rapids, IA 52402 · Electrical Contractors and Other Wiring Installation Contrac. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.

$6.1M

Total SBA financing

Loans on record

FY2020

On record

Jobs supported

● business — business location is the ZIP-area centroid from the public record

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All 6 loans

$1,500,000 — FY2020

Loan 1 of 6

Gross approval: $1,500,000
SBA guaranteed: $1,125,000 (75%)
Status: Paid in full
Rate at approval: 4.25% v
Term: 48 mo (4 yr)
Program: Standard Asset Base Working Capital Line
Subprogram: Standard Asset Based
Loan type: Term loan
Purpose: Other / working capital
Approved: 5/4/2020
First disbursement: 5/31/2020
Days to fund: 27 days
Paid in full: 11/30/2025
Collateral: Required
Jobs supported: 15
Business type: Corporation
Business age: Existing or more than 2 years old
Industry: Electrical Contractors and Other Wiring Installation Contrac
NAICS code: 238210
Lender: Keystone Savings Bank
Address: 1936 51ST ST NE
City: Cedar Rapids, 52402
County: Linn
SBA district office: CEDAR RAPIDS BRANCH OFFICE
Congressional district: 1

$1,400,000 — FY2020

Loan 2 of 6

Gross approval: $1,400,000
SBA guaranteed: $1,050,000 (75%)
Status: Delinquent
Rate at approval: 4.75% v
Term: 89 mo (7 yr)
Program: Contract Loan Line of Credit (CAPLine)
Subprogram: Contract Guaranty
Loan type: Term loan
Purpose: Other / working capital
Approved: 6/11/2020
First disbursement: 6/30/2020
Days to fund: 19 days
Collateral: Required
Jobs supported: 15
Business type: Corporation
Business age: Existing or more than 2 years old
Industry: Electrical Contractors and Other Wiring Installation Contrac
NAICS code: 238210
Lender: Keystone Savings Bank
Address: 1936 51ST ST NE
City: Cedar Rapids, 52402
County: Linn
SBA district office: CEDAR RAPIDS BRANCH OFFICE
Congressional district: 1

$800,000 — FY2020

Loan 3 of 6

Gross approval: $800,000
SBA guaranteed: $600,000 (75%)
Status: Paid in full
Rate at approval: 5.5% v
Term: 22 mo (2 yr)
Program: Contract Loan Line of Credit (CAPLine)
Subprogram: Contract Guaranty
Loan type: Term loan
Purpose: Other / working capital
Approved: 10/30/2019
First disbursement: 11/30/2019
Days to fund: 31 days
Paid in full: 5/31/2021
Collateral: Required
Jobs supported: 15
Business type: Corporation
Business age: Existing or more than 2 years old
Industry: Electrical Contractors and Other Wiring Installation Contrac
NAICS code: 238210
Lender: Farmers and Merchants Savings Bank
Address: 1936 51ST ST NE
City: Cedar Rapids, 52402
County: Linn
SBA district office: CEDAR RAPIDS BRANCH OFFICE
Congressional district: 1

$400,000 — FY2020

Loan 4 of 6

Gross approval: $400,000
SBA guaranteed: $300,000 (75%)
Status: Paid in full
Rate at approval: 5.25% v
Term: 6 mo (1 yr)
Program: Contract Loan Line of Credit (CAPLine)
Subprogram: Contract Guaranty
Loan type: Term loan
Purpose: Other / working capital
Approved: 12/3/2019
First disbursement: 12/31/2019
Days to fund: 28 days
Paid in full: 6/30/2020
Collateral: Required
Jobs supported: 15
Business type: Corporation
Business age: Existing or more than 2 years old
Industry: Electrical Contractors and Other Wiring Installation Contrac
NAICS code: 238210
Lender: Farmers and Merchants Savings Bank
Address: 1936 51ST ST NE
City: Cedar Rapids, 52402
County: Linn
SBA district office: CEDAR RAPIDS BRANCH OFFICE
Congressional district: 1

$1,100,000 — FY2020

Loan 5 of 6

Gross approval: $1,100,000
SBA guaranteed: $825,000 (75%)
Status: Paid in full
Rate at approval: 5.25% v
Term: 6 mo (1 yr)
Program: Contract Loan Line of Credit (CAPLine)
Subprogram: Contract Guaranty
Loan type: Term loan
Purpose: Other / working capital
Approved: 12/5/2019
First disbursement: 12/31/2019
Days to fund: 26 days
Paid in full: 5/31/2020
Collateral: Required
Jobs supported: 15
Business type: Corporation
Business age: Existing or more than 2 years old
Industry: Electrical Contractors and Other Wiring Installation Contrac
NAICS code: 238210
Lender: Farmers and Merchants Savings Bank
Address: 1936 51ST ST NE
City: Cedar Rapids, 52402
County: Linn
SBA district office: CEDAR RAPIDS BRANCH OFFICE
Congressional district: 1

$900,000 — FY2020

Loan 6 of 6

Gross approval: $900,000
SBA guaranteed: $675,000 (75%)
Status: Paid in full
Rate at approval: 5.25% v
Term: 28 mo (2 yr)
Program: Contract Loan Line of Credit (CAPLine)
Subprogram: Contract Guaranty
Loan type: Term loan
Purpose: Other / working capital
Approved: 1/10/2020
First disbursement: 1/31/2020
Days to fund: 21 days
Paid in full: 12/31/2021
Collateral: Required
Jobs supported: 15
Business type: Corporation
Business age: Existing or more than 2 years old
Industry: Electrical Contractors and Other Wiring Installation Contrac
NAICS code: 238210
Lender: Farmers and Merchants Savings Bank
Address: 1936 51ST ST
City: Cedar Rapids, 52402
County: Linn
SBA district office: CEDAR RAPIDS BRANCH OFFICE
Congressional district: 1

The lenders

Farmers and Merchants Savings Bank

4 loans to this businessFull SBA lending record + branches on the lender page →

Keystone Savings Bank

2 loans to this business

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