Niesen Lot 1 LLC
Niesen Lot 1 LLC, located in Middleton, Wisconsin, operates in the furniture merchant wholesalers industry (NAICS 423210). The company financed real estate or equipment through an SBA 504 loan of $2,744,000, provided by Starion Bank with WBD, Inc. as the certified development company, with approval dated September 21, 2026.
SBA 504 loan, approved Sep 21, 2026
$2,744,000 SBA portionCDC: WBD, Inc.25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $2,744,000
- Bank portion
- $3,337,500
- Estimated project size
- $6,757,222 (estimated)
- Estimated owner equity
- $675,722 (estimated, about 10% of the project)
- Bank lender
- Starion Bank, Bismarck, ND
- CDC
- WBD, Inc.
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- September 21, 2051 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 423210, Furniture Merchant Wholesalers
- Project location
- Dane County, WI
- SBA district office
- Wisconsin District Office
- Congressional district
- WI-2
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 60% of expansion loans in Furniture Merchant Wholesalers on this site.
- Average expansion loan in Furniture Merchant Wholesalers: $2,143,550.
- 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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