Main Street Registry

Rhine Machining & Fabricating, Inc.

Kiel, WI · Machine Shops · NAICS 332710

Rhine Machining & Fabricating, Inc. is a machine shop located in Kiel, Wisconsin, classified under NAICS 332710 (Machine Shops). The business was financed with an SBA 7(a) loan for a change of ownership of $2,420,700, approved on January 7, 2025 by Nicolet National Bank.

SBA 7(a) loan, change of ownership, approved Jan 7, 2025

$2,420,700 approvedLender: Nicolet National Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,420,700
SBA-guaranteed amount
$1,815,525 (75% of the approval)
Lender
Nicolet National Bank, Green Bay, WI
Processing method
Standard 7(a): the lender submits the application for SBA review
Initial interest rate
7.5%, fixed
Term
10 years (120 months)
Estimated maturity
January 7, 2035 (estimated, approval date plus term)
Estimated monthly payment
$28,734 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jan 10, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
24
Business type
Corporation
NAICS
332710, Machine Shops
Project location
Manitowoc 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)
  • Larger than 65% of acquisition loans in Machine Shops on this site.
  • Average acquisition loan in Machine Shops: $2,116,278.
  • 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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Same industry in Wisconsin