Sconnie Slices LLC
Sconnie Slices LLC is located in Glen Flora, WI, and the SBA lists its industry as Frozen Specialty Food Manufacturing. It was approved for an SBA 7(a) loan of $790,500 for a change of ownership on January 22, 2025.
SBA 7(a) loan, change of ownership, approved Jan 22, 2025
- Gross approval
- $790,500
- SBA-guaranteed amount
- $592,875 (75% of the approval)
- Lender
- CCFBank National Association, Altoona, WI
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.75%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- January 22, 2050 (estimated, approval date plus term)
- Estimated monthly payment
- $7,044 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 31, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 311412, Frozen Specialty Food Manufacturing
- Project location
- Rusk County, WI
- SBA district office
- Wisconsin District Office
- Congressional district
- WI-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Frozen Specialty Food Manufacturing: $1,517,000.
- 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.
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