Badger Magnetics, lnc
Badger Magnetics, Inc. is a business in Milwaukee, Wisconsin, in the other electronic component manufacturing industry (NAICS 334419). The company was financed with an SBA 7(a) loan for a change of ownership of $3,651,300, approved on December 16, 2025 by Old National Bank.
SBA 7(a) loan, change of ownership, approved Dec 16, 2025
$3,651,300 approvedLender: Old National Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $3,651,300
- SBA-guaranteed amount
- $2,738,475 (75% of the approval)
- Lender
- Old National Bank, Evansville, IN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.3%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- December 16, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $42,961 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 31, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 39
- Business type
- Corporation
- NAICS
- 334419, Other Electronic Component Manufacturing
- Project location
- Milwaukee County, WI
- SBA district office
- Wisconsin District Office
- Congressional district
- WI-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Other Electronic Component Manufacturing: $3,324,520.
- 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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