Jeremy Lewis Associates Inc.
Jeremy Lewis Associates Inc., located in Sheboygan, Wisconsin, operates in other animal food manufacturing (NAICS 311119). The business was financed with an SBA 7(a) loan for a change of ownership of $750,000, approved on November 30, 2023, through Oostburg State Bank.
SBA 7(a) loan, change of ownership, approved Nov 30, 2023
$750,000 approvedLender: Oostburg State Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $750,000
- SBA-guaranteed amount
- $562,500 (75% of the approval)
- Lender
- Oostburg State Bank, Oostburg, WI
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 8.35%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- November 30, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $9,239 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 5, 2023
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 311119, Other Animal Food Manufacturing
- Project location
- Sheboygan County, WI
- SBA district office
- Wisconsin District Office
- Congressional district
- WI-06
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Other Animal Food Manufacturing: $2,875,000.
- 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.
Is this your company? Claim or correct this listing. See Corrections.