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Lakeside Villa Real Estate LLC

Phillips, WI · Assisted Living Facilities for the Elderly · NAICS 623312

Lakeside Villa Real Estate LLC, located in Phillips, Wisconsin, operates in the assisted living facilities for the elderly industry (NAICS 623312). The company financed real estate or equipment through an SBA 504 loan of $1,025,000, approved on April 4, 2026, with Prevail Bank as the lender and WBD, Inc. as the certified development company.

SBA 504 loan, approved Apr 4, 2026

$1,025,000 SBA portionCDC: WBD, Inc.25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,025,000
Bank portion
$1,670,000
Estimated project size
$2,994,444 (estimated)
Estimated owner equity
$299,444 (estimated, about 10% of the project)
Bank lender
Prevail Bank, Medford, WI
CDC
WBD, Inc.
Processing method
504 Refinancing: refinances existing business debt
Term
25 years (300 months)
Estimated maturity
April 4, 2051 (estimated, approval date plus term)
First disbursement
Aug 12, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
16
Business type
Corporation
NAICS
623312, Assisted Living Facilities for the Elderly
Project location
Price County, WI
SBA district office
Wisconsin District Office
Congressional district
WI-7
Collateral
Yes

Estimated share of project by source

Bank 56% SBA (CDC) 34% Owner 10%

  • Average expansion loan in Assisted Living Facilities for the Elderly: $1,996,284.
  • 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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Same industry in Wisconsin