B&M Utility Locating Services
B&M Utility Locating Services is located in Chetek, Wisconsin, and operates in the surveying and mapping services industry (NAICS 541370). The company was financed with an SBA 7(a) loan for a change of ownership totaling $1.9 million, approved on July 17, 2026, through First Farmers Bank and Trust Co.
SBA 7(a) loan, change of ownership, approved Jul 17, 2026
$1,900,000 approvedLender: First Farmers Bank and Trust Co10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,900,000
- SBA-guaranteed amount
- $1,425,000 (75% of the approval)
- Lender
- First Farmers Bank and Trust Co, Converse, IN
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 8.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- July 17, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $23,812 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 28, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 54
- Business type
- Corporation
- NAICS
- 541370, Surveying and Mapping (except Geophysical) Services
- Project location
- Barron County, WI
- SBA district office
- Wisconsin District Office
- Congressional district
- WI-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Surveying and Mapping (except Geophysical) Services: $1,311,112.
- Average acquisition loan in Wisconsin: $1,729,230.
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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