Minocqua Wood Products, LLC
Minocqua Wood Products, LLC is a business in Minocqua, Wisconsin, in the other millwork (including flooring) industry. It was financed with an SBA 7(a) loan for a change of ownership of $657,000, approved on May 2, 2024, by Nicolet National Bank.
SBA 7(a) loan, change of ownership, approved May 2, 2024
$657,000 approvedLender: Nicolet National Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $657,000
- SBA-guaranteed amount
- $492,750 (75% of the approval)
- Lender
- Nicolet National Bank, Green Bay, WI
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- May 2, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $8,323 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 16, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 41
- Business type
- Corporation
- NAICS
- 321918, Other Millwork (including Flooring)
- Project location
- Oneida County, WI
- SBA district office
- Wisconsin District Office
- Congressional district
- WI-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Other Millwork (including Flooring): $1,199,343.
- 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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