Bortman and Son's Services Corporation
Bortman and Son's Services Corporation is a business in Milwaukee, Wisconsin, in the other services to buildings and dwellings industry. It was financed with an SBA 7(a) loan for a change of ownership in the amount of $770,000, with Old National Bank as the lender and an approval date of March 26, 2025.
SBA 7(a) loan, change of ownership, approved Mar 26, 2025
- Gross approval
- $770,000
- SBA-guaranteed amount
- $577,500 (75% of the approval)
- Lender
- Old National Bank, Evansville, IN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.75%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- March 26, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $9,241 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 24, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 18
- Business type
- Corporation
- NAICS
- 561790, Other Services to Buildings and Dwellings
- 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)
- Larger than 27% of acquisition loans in Other Services to Buildings and Dwellings on this site.
- Average acquisition loan in Other Services to Buildings and Dwellings: $1,196,922.
- 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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