Anita's Dance Center, Inc.
Anita's Dance Center, Inc. is a fine arts school located in New Berlin, Wisconsin, in the Fine Arts Schools industry. The business financed real estate or equipment through an SBA 504 loan with an SBA portion of $1,215,000, approved on October 15, 2024, through lender Bank First, N.A. and certified development company WBD, Inc.
SBA 504 loan, approved Oct 15, 2024
$1,215,000 SBA portionCDC: WBD, Inc.25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,215,000
- Bank portion
- $1,483,000
- Estimated project size
- $2,997,778 (estimated)
- Estimated owner equity
- $299,778 (estimated, about 10% of the project)
- Bank lender
- Bank First, N.A., Manitowoc, WI
- CDC
- WBD, Inc.
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- October 15, 2049 (estimated, approval date plus term)
- First disbursement
- Jul 15, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 13
- Business type
- Corporation
- NAICS
- 611610, Fine Arts Schools
- Project location
- Waukesha County, WI
- SBA district office
- Wisconsin District Office
- Congressional district
- WI-1
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Average expansion loan in Fine Arts Schools: $1,217,833.
- Average expansion loan in Wisconsin: $2,095,135.
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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